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Does the amount of electricity used by the Bitcoin network scale with the quantity of transactions?
by viklove 7y ago
Does the amount of electricity used by the Bitcoin network scale with the quantity of transactions?
- femto113 7y agoBitcoin can't easily increase the quantity of transactions, so it's hard to answer that directly. Bitcoin transaction rates are currently limited by the time to mine a block and the number of transactions per block. Technical and political barriers exist to changing either of those numbers. See https://en.wikipedia.org/wiki/Bitcoin_scalability_problem https://en.wikipedia.org/wiki/Bitcoin_scalability_problem for more details.