Here’s why bitcoin miners won’t go for a more climate-friendly alternative
Here’s why bitcoin miners won’t go for a more climate-friendly alternative Proof of Work mining is inherently wasteful, but don’t expect a switch any time soon Proof of waste to proof of stake? Bitcoiners don’t trust bankers, taxmen and other meddling middlemen. Because there are no banks with bitcoin, the job of keeping the books straight is given to a global network of specialist computers. The owners of these computers compete for bookkeeping tasks in return for the transaction fees paid by network users....