3 ms·
The utility of the service is disproportionately minuscule in relation to the insane amount of resources in energy and hardware currently used for BTC or ETH.
by nosuchthing 9y ago
The utility of the service is disproportionately minuscule in relation to the insane amount of resources in energy and hardware currently used for BTC or ETH.
For a database, with 3-4 transactions per second [1], and each transaction consuming the equivalent amount of energy to power 1.6 houses for a day [2] it begs the question of if and when a viable alternative arises that is more efficient at offering an improved service with less waste.
[1] https://blockchain.info/charts/n-transactions https://blockchain.info/charts/n-transactions
[2] https://motherboard.vice.com/en_us/article/aek3za/bitcoin-could-consume-as-much-electricity-as-denmark-by-2020 https://motherboard.vice.com/en_us/article/aek3za/bitcoin-co...
https://motherboard.vice.com/en_us/article/ae3p7e/bitcoin-is-unsustainable https://motherboard.vice.com/en_us/article/ae3p7e/bitcoin-is...
- omarchowdhury 9y agoEthereum is going to move to proof of stake instead of proof of work and this will be magnitudes more energy efficient than proof of work.