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Given how notoriously energy intensive it is to process a blockchain transaction, I wonder what the lower bound is for each transaction to use more energy than
by deegles 9y ago
Given how notoriously energy intensive it is to process a blockchain transaction, I wonder what the lower bound is for each transaction to use more energy than the solar panel outputs. Not sure how to do the math on that :)
- polskibus 9y agoPerhaps you were thinking about Bitcoin instead of blockchain? Blockchain doesn't have to rely on expensive mining, it's all matter of incentive structure. For a microgrid, fees and algos don't have to be that expensive.
- deegles 9y agoI found an article saying they're working with ConsenSys, which uses Ethereum. Of course they might have an independent chain but that was my impression. https://www.technologyreview.com/s/604227/blockchain-is-helping-to-build-a-new-kind-of-energy-grid/ https://www.technologyreview.com/s/604227/blockchain-is-help...