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A bitcoin transaction does NOT use mining energy. Transaction rate and energy use are independent. The media always gets this wrong. It's like saying each bit o
by mrb 9y ago
A bitcoin transaction does NOT use mining energy. Transaction rate and energy use are independent. The media always gets this wrong. It's like saying each bit on a CD-ROM "use fuel" when it's shipped on a mail truck.
- rrobukef 9y agoBut there is a cost for each bit. It's amortized. Because at some point you need a second cd, which increases fuel a tiny bit, and lowers the amirtized cost per bit. At some point you need a bigger truck and then a second truck, suddenly the cost jumps up a whole lot. Transactions are limited in number. Each transaction costs.
- mrb 9y agoNo. Transactions are NOT limited by the energy consumption of miners. Miners hash a fixed size 80-byte block header, regardless of how many transactions are in the block.