Resistance argues that proof-of-work mining “has been hijacked by huge mining farms using tons of energy to take control of the market” — isolating normal consumers who cannot afford to get involved with Bitcoin and other cryptocurrencies.
The company also says the levels of electricity being used is “wasted on mathematical equations” rather than making a positive impact on humanity. As a result, Resistance is seeking to address exorbitant energy consumption and the power imbalance within the mining community by offering a “radical concept” known as proof-of-research.