What about bitcoins SHA256 ASICs? Have they become a bit of a commodity?

sech1: hyc: can we merge tevador/RandomX #229 ? someone has issues with compiling monero on openbsd riscv and this fixes it

garth: given that the latest, most efficient ones are in the ~8-20k$ range, I'd say definitely not

And currently, the most efficient one (Antminer S19 XP hyd.) takes ~510 days to pay for itself at 0.10 $/kWh

selsta merged

thanks, will make a PR to bump the submodule

i am in a European Standardisation meeting and they are discussing creating new work items for creating standards for PoW/environmental friendliness for consensus mechanisms. is it part of CEN/CLC/JTC 19 - Blockchain and Distributed Ledger Technologies

moneromooo: yeah, that has not yet been mentioned and doesn't seem on the radar of their workgroups, as yet. though they are aware that there are methods of increasing efficiency per tx and also recognise that crypto mining is a way of absorbing energy creation surplus - especially at sites based on renewable energy

"Efficiency per tx" is an absolutely useless metric, since mining speed and number if txes processed are two completely independent numbers

Mining speed depends on the financial incentive to mine, while the number of transactions processed depends on adoption and limits in the transaction protocol (eg. available block space that limits tps)

Ultimately, PoW doesn't "care" about the source of the energy used - electricity is electricity. What matters is that it's cheap. Want to reduce pollution? Bring some financial incentives and subsidies in favour of cleaner energy sources, and financially penalize coal mines and coal power plants. Make clean energy the cheapest option, and then everyone will move to it

Amen

merope: when i mean efficiency, this includes environmental impact (ie. source of elec)

Of course, but still: the mining protocol and the transaction protocol are mostly independent - their only connection is through transaction fees, but their impact on the mining incentive is mostly marginal

It doesn't take more energy to mine 10000 transactions or 10 transactions

So numbers such as "average CO2 per transactions" make absolutely no sense - if there were more crypto adoption, those numbers would drop even if electricity consumption stayed the same (or even if it grew, but slower)

clean energy is already the cheapest option, in absence of all subsidies

cost alone is never the motivator in today's world. it's about sunk cost - who's already heavily invested in the satus quo

who's going to lose profits because the world tries to change

hyc: that is not true in all countries, though is it? it's hardly the cheapest option in Kazakstan, for argument's sake

for majority of world theguardian.com/environment/2021/ju…r-projects-cheaper-than-coal-report

look at those trend lines. it's not even close

rediscovered that the 17.1.9 wallet doesn't scan p2pool payouts correctly

gingeropolous: you need v0.17.3.0

yeah, i got it workin. thanks selsta