$PRL friends. I have a present for you.
Meet
My first draft at understanding the network from an energy perspective:
- how much does it cost to mine / how profitable is mining and for whom?
- a thesis check: is PRL on track to profitably climb its way to blockchain energy dominance?
I'd love your feedback. What is blatantly wrong? What's missing? Very much a beta!
Some interesting findings so far:
- Doesn't seem to make sense to mine uselessly on frontier hardware ($2.24/PRL cost). But does make sense on idle already paid for GPUs ($0.68/PRL) or during inference ($1.31 at 12% loss, and less with new kernels).
- PRL already uses 0.65% of Bitcoin's energy at only 0.15% of the FDV. Very interesting.
For those of you who are just tuning in -- I am a big $ZEC guy because I believe privacy is a human right and I like how Zcash delivers privacy on L1 with a plan to deliver it to the world. That's why I created
On $PRL, my thesis is that I think it may eventually dominate energy security in blockchains. The fact that PoUW is already showing the desired affect in our math here is promising.
I don't consider these two monies direct competitors. I think they have different target markets for the next many years.
Gimme your thoughts below or in DMs if necessary. Fixes won't be immediate but will come.