Thursday, May 20, 2021

BIP TBD – CODENAME: FOXTROT UNIFORM CHARLIE KILO ELON - A new method for energy saving with bitcoin mining

Abstract

To reduce energy consumption a new mining method is proposed which will cause substantial idle time to occur during the mining time for each block, resulting in up to 99% in energy savings. The changes only require new hash inputs

Motivation

To save energy because, you know, Elon

Proposal

In addition, the existing block hash, a tweet will be added from twitter as random text to the hash input strings. To ensure that a person cannot game the system, it is suggested to use tweets from the people of the likes of Elon Musk or Donald Trump, because neither is predictable, nor make any sense, nor are they even consistent with their own previous statements, they don’t even know what they’ll tweet next, therefore making it impossible for them to cheat the system.

In a typical day they spit out a random tweet around every 5 minutes, making in perfectly aligned with the bitcoin blockchain. In the event a tweet from them is unavailable , a new butt shot from Kim Kardashian will be used. Other sources of gibberish include Gretta Thunberg, the random sounds of Amber Heard hitting and screaming at her boyfriend, not to mention whatever shit Ellen does off set to her crew

Miners will only be able to mine when two tweets (or other data) are received in any 10 minute period, meaning they will be unable to mine until the ‘random bullshit tweets’ are included into the hash input, so there will be more idle time where it's impossible for them to mine

Risk

The main risk is the tweets and content from Elon, Trump, Kim, et al will need to be included in blocks. This is unacceptable, so for the benefit of the world, it's totally worth the extra cost to the environment to ensure these tweets don't end up in the blockchain. Therefore the authors suggest miners do what they’ve been doing and purchase green energy and invest where they can in new green energy sources


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