> This seems like a pretty flawed idea and an attempt to justify the incredible amount of electricity required by bitcoin.
It's not "required", it's only that high because it has so much success. Bitcoin would be working with only one miner running, the first blocks were minted on a private computer.
It's not "required", it's only that high because it has so much success. Bitcoin would be working with only one miner running, the first blocks were minted on a private computer.