Proposal: Force to do nothing for first 9 minutes to save 90% of mining energy



Summary:

The discussion on the Bitcoin-dev mailing list included various ideas related to the energy consumption of Bitcoin mining and decentralization. Some members proposed a community effort to standardize and promote green energy use for miners, while others disagreed with the concept of carbon credits and argued that such efforts are not necessary or beneficial for Bitcoin's adoption. Additionally, there was a debate about the need for a global network timer to prevent pre-mining in the 9-minute window between blocks, and some proposed solutions involved centralized authorities, which were met with concerns about centralization in the Bitcoin community. Finally, there was a counter-proposal to encourage users to allow only "green miners" to process their transactions, which some criticized as centralizing and eliminating the need for proof-of-work entirely. Overall, the discussion highlighted the ongoing tension between environmental concerns, decentralization, and commercial incentives in the Bitcoin ecosystem.


Updated on: 2023-06-14T21:52:59.247804+00:00