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Divide the number of bitcoin transactions by the power spent mining, and each transaction consumes enough power to run an American household for a day and a hal
by RockyMcNuts 11y ago
Divide the number of bitcoin transactions by the power spent mining, and each transaction consumes enough power to run an American household for a day and a half.
http://motherboard.vice.com/read/bitcoin-is-unsustainable http://motherboard.vice.com/read/bitcoin-is-unsustainable
- FatalLogic 11y agoThe biggest flaw with that calculation is that most Bitcoin miners are not located in American households. They're naturally located where electricity is much cheaper: they're using environmentally-generated or surplus power, close to the source, at bulk industrial rates. The author even said it in the same article, but did not factor it into the clickbaiting comparison.