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> this system is free. Free? Who pays for the blockchain? Last I looked into it, each transaction requires about enough electricity to power a house for an
by spookthesunset 9y ago
> this system is free.
Free? Who pays for the blockchain? Last I looked into it, each transaction requires about enough electricity to power a house for an entire day. That isn't very free.
- DennisP 9y agoThat's an average including all the mining rewards, it's not actually paid by people issuing transactions. A simple transaction on Ethereum costs about a penny. I agree the energy consumption of present-day blockchains is a problem; hopefully proof of stake will fix it.