Comment Do we need a better Proof-of-Work? (Score 1) 65
Would the intentionally costly step of proof-of-work be replaced with a better mechanism? It adds no value and scales up with compute power to take the same amount of time (as I understand it). This could markedly reduce the energy consumption that is SIMPLY a Waste of resources like electricity and water. A more efficient method to achieve the same (and also not cost arm/leg for latest hardware every 15 days) might make this tolerable?