3 ms·
A little known fact is that validating a block with 1 Bitcoin transaction or all the world 10 minute transactions in Bitcoin would spend roughly the same energy
by elmar 9y ago
A little known fact is that validating a block with 1 Bitcoin transaction or all the world 10 minute transactions in Bitcoin would spend roughly the same energy.
The energy is spent on security independent of transaction volume.
- GhostVII 9y agoBut as transaction volume increases, the reward for mining increases, so miners will spend more money on electricity.
- raverbashing 9y agoThe fee reward increases, the mining reward decreases and the difficulty also increases Until someone realizes it's cheaper to have their tokens moved by a different blockchain than the original BTC