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RE: The Old Dog Asks: Is The Steem Blockchain Enviromentally Friendly? Contest Winners!
Oops! Reading the title I was expecting something quite different. What came to my mind was how EOS network inspired all their top 21 Block Producers to go carbon neutral and I was expecting something similar with Steem Witnesses.
But this is something bigger! CleanPlanet is about cleaning of whole planet and not just Steem chain. Just awesome!
It's a worthwhile question, though, and one that's hard to answer. Just how much energy is used by the blockchain? I've worked with some rough numbers and guesstimated, but never had any thorough answers. And there was (or is coming?) A change that will lower witness costs, presumably lowering energy requirements?
This is true. It will move fro high RAM storage to cheaper hard drive storage I believe.
In any case POS is uses much less energy than POW.
Absolutely. My father's issue with it, though, is he's trying to figure out if it's more efficient than Facebook.
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It is a very exciting project! Thanks for having a look!