Does ergo hashrate need to match BTC hashrate for ergo

Question

Ergo Platform

Jack Σ

Does ergo hashrate need to match BTC hashrate for ergo

to be as secure? Approx.? Will less energy be spend to mine ergo at that hashrate? Hope get me. Thank you

#cryptocurrency #english #ergo

0

22.12.2023

10 ответов

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digdug

however overall, as Ergo's hashrate grows, the more secure it becomes, because it becomes more difficult for a set of bad actors to attempt to "take over" by way of controlling the majority of the hashpower.

0

22.12.2023

DiscordBridge

[liquid_phase] Ergo has more security than BTC as a defacto because of the scripting language adopting sigma protocols and zero knowledge proofs since inception Hashrate of BTC is dominated by asics, so doesnt matter how big it is, the big players are always going to be businesses versus independent miners Ergo is asic resistant and mined on consumer GPUs

0

22.12.2023

DiscordBridge

[liquid_phase] on a 1/1 comparisdon between engergy consumption, Ergo is far better value on the energy dollar expenditure than BTC, considering how malleable and usable ergo is in defi systems already without any layer 2s needed

0

22.12.2023

Jack Σ Автор вопроса

digdug
no, because hashrate is propietary per chain becau...

So hashrate is only relative to its self? I mean cross chain compare makes no sense?

0

22.12.2023

digdug

Jack Σ
So hashrate is only relative to its self? I mean c...

right. You could release your own blockchain with a hashing algorithm that gives your 3070 ti some insane hashing power, though the same GPU might have half the hashrate output on a different project.

0

22.12.2023

DiscordBridge

Jack Σ
So hashrate is only relative to its self? I mean c...

[liquid_phase] hashrate is somewhat relative, it shows the health of the network and how many people as securing it by mining. Cross chain comparisons make sense but not with hash rate as a metric - it would be better to stick with comparing the security assumptions of ergo vs btc in general - because there are other factors to consider which are more important than hashrate

0

22.12.2023

Jack Σ Автор вопроса

digdug
however overall, as Ergo's hashrate grows, the mor...

So how do we measure? Or compare BTC with ergo? important for branding.

0

22.12.2023

digdug

Jack Σ
So how do we measure? Or compare BTC with ergo? im...

what liquid_phase said is a great place to start

0

22.12.2023

DiscordBridge

Jack Σ
So how do we measure? Or compare BTC with ergo? im...

[liquid_phase] comparison btc with ergo: block confirmation time, how full the boxes are during transactions, outputs per transaction, asic resistance or not, heat generation on mining hardware over time, etc

0

22.12.2023

digdug · Accepted Answer

digdug

no, because hashrate is propietary per chain because the hashing algorithms are different and therefore 1 computer with output 2 different hashrates on 2 different blockchains.

0

22.12.2023

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Does ergo hashrate need to match BTC hashrate for ergo

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