• 44 Posts
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Joined 2 years ago
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Cake day: March 2nd, 2023

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  • Thanks for the refresher. I’m aware of the basics, but assumed the difficulty measured by the number of zeros could only increase. Apparently difficulty can decrease, and I’ve read it’s expected to decrease very soon to keep the system running a while longer.

    Bitcoin’s creator was smart enough to design a system that automatically adjust to remain profitable for several years without intervention, but not smart enough to foresee social and environmental costs.

    It’s a good example that illustrate why automated systems shouldn’t be left running unsupervised, even if it’s designed by the best minds with the best of intentions.


  • The headline isn’t accurate as usual, but isn’t completely wrong either. Anyway, the article you’ve quoted is more informative than the one I posted, so thanks for that quote.

    We’re at a point where it’s no longer profitable for individual miners, even if we ignore externalities like the cost we’re collectively paying due to pollution and carbon emissions.

    Mining require increasing amount of energy and resources as time pass, so unless there’s a radical change in bitcoin’s algorithm or unless energy becomes free, we should expect mining to get non-profitable in more and more situations.














  • A group of mine is currently discussing migrating to Matrix. Among the arguments, it’s said to be more popular than our current messenging protocol, but it’s also said to be a drain on battery.

    I saw one comparison saying the official Matrix client on Android drain battery 10x faster than some well written XMPP clients. So I’m not going to migrate for now. May reconsider once Matrix clients reduce battery usage significantly.