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Jeremiah
@jeremiahrogers
Independent Analyst | ex-Meta, Flexport, Fin | Building | Bitcoin 2013+
가입 October 2010
1.1K 팔로잉 중    3.2K 팬
$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.
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