You pre-plot a portion of your hard drive (proof of capacity). then when a new block comes up, the miner scans those plots to look for one that matches the lowest deadline to submit. Lowest overall wins the block. energy use is basically the same as scanning your hard drive for a few seconds every 4 min
You pre-plot a portion of your hard drive (proof of capacity). then when a new block comes up, the miner scans those plots to look for one that matches the lowest deadline to submit. Lowest overall wins the block. energy use is basically the same as scanning your hard drive for a few seconds every 4 min