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What I don't understand about the energy use is, what percentage of that is mining, and what percentage is to facilitate transactions? If 90% of that energy is
by ghostbrainalpha 9y ago
What I don't understand about the energy use is, what percentage of that is mining, and what percentage is to facilitate transactions?
If 90% of that energy is going into mining, won't Bitcoins energy usage really come down once all the coins are mined? Or once the value of the coins is much less than the cost of the energy required to mine them?
It seems like there are some natural checks here.
- ddebernardy 9y agoMining and facilitating transactions, by which I'm assuming you're meaning certifying that transactions are legit, are the same thing. Here's a short video by 3Blue1Brown on how cryptocurrencies work: https://www.youtube.com/watch?v=bBC-nXj3Ng4 https://www.youtube.com/watch?v=bBC-nXj3Ng4
- Marazan 9y agoMining is transactions.