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Bitcoin transactions don’t use a material amount of energy: no matter how many miners the transaction capacity is fixed. Energy use just increases as miners com
by paulsutter 8y ago
Bitcoin transactions don’t use a material amount of energy: no matter how many miners the transaction capacity is fixed. Energy use just increases as miners compete for the block reward.
- YjSe2GMQ 8y agoWorld adoption -> increase in BTC/USD value (lambos!) -> USD block reward increase -> more GWs spent mining. It's not linear at every stage (for example, more USD per block reward will reboot Bitmain to produce even more efficient miners, which will eat up some of the rewards) but it's close enough to be concerned.