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Right -- and isn't massively energy inefficient? I think I saw an article crop up here recently that said a processing a single BTC transaction uses something
by eutropia 9y ago
Right -- and isn't massively energy inefficient? I think I saw an article crop up here recently that said a processing a single BTC transaction uses something like 5.8 times as much energy as the median US household uses in a day.
Why would banks do something so monumentally wasteful when they can trust each other?
- gcb0 9y agoI doubt they will include the same mining consensus rules. in other words, nothing different than what they have today + buzzwords.
- gmu3 9y agoNew cryptocurrencies don't require as much energy to mine initially
- WhiteOwlLion 9y agoYou can set up the crypto to not raise difficulty. Even a CPU based mining could do the job then.
- lemonycracket 9y agoWhat's the energy cost of the current system?