12 lines
1.5 KiB
Markdown
12 lines
1.5 KiB
Markdown
# Proof of Work
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A type of work function used in [blockchain](blockchain.md) [consensus algorithms](consensus-algorithm.md) that involves a race to solve to invert a function to find a specific number which is added to a block of transactions to add it to a chain of blocks. In computer science terms, the participants in this system race to compute the *preimage* to a hash function.
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Proof of work mining has been criticized for being intentionally wasteful and consuming vast amounts of silicon resources and compute time.
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See also [mining](mining.md), [proof of stake](proof-of-stake.md), [environmental footprint of crypto](../claims/is-environmental-footprint.md).
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## References
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1. Dindar, B., and Ö. Gül. ‘The Detection of Illicit Cryptocurrency Mining Farms with Innovative Approaches for the Prevention of Electricity Theft’. Energy & Environment, no. April (2021): 0958305X211045066. https://doi.org/10.1177/0958305x211045066.
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1. Vries, Alex De. ‘Bitcoin’s Energy Consumption Is Underestimated : A Market Dynamics Approach’. Energy Research & Social Science 70, no. July (2020): 101721. https://doi.org/10.1016/j.erss.2020.101721.
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1. Vries, Alex de. ‘Bitcoin’s Growing Energy Problem’. Joule 2, no. 5 (2018): 801–5. https://doi.org/10.1016/j.joule.2018.04.016.
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1. Vries, Alex de, and Christian Stoll. ‘Bitcoin’s Growing e-Waste Problem’. Resources, Conservation and Recycling 175, no. September (2021): 105901. https://doi.org/10.1016/j.resconrec.2021.105901. |