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A transaction needs to be part of a block to be valid. So using transaction validation is a red herring. The validation uses same amount of energy it is require
by thisisit 9y ago
A transaction needs to be part of a block to be valid. So using transaction validation is a red herring. The validation uses same amount of energy it is required to be included in the block.
But, I see your point. So let's see how this thing will unfold if we talk about blocks (assuming all data is correct):
From the article:
> This averages out to a shocking 215 kilowatt-hours (KWh) of juice used by miners for each Bitcoin transaction
So, as per the article a house needs 215kwh per week.
Data Source for the article here:
https://digiconomist.net/bitcoin-energy-consumption https://digiconomist.net/bitcoin-energy-consumption
Energy consumption for yesterday shows as 24.25 Twh.
Block is generated every 10 mins so 144 blocks in a day.
24.25/144 = 0.17 Twh ~ 168 MWh or 168000 kwh for each block.
When divided with per house per week from article - 168000/215 ~ 781 houses
So the apt headline, as per you is -
"One Bitcoin Block Now Uses as Much Energy as more than 750 Houses in a Week"
I am sure people will love to talk about consumption per transaction if that was the headline.