3 ms·
"Very inefficient" is an understatement too! I wonder how much energy Visa and Mastercard combined use to process their transactions. Mind you, they probably do
by sk0g 7y ago
"Very inefficient" is an understatement too! I wonder how much energy Visa and Mastercard combined use to process their transactions. Mind you, they probably do orders of magnitude more transactions per second.
I recently had a discussion with a friend about the viability of a distributed/ blockchain alternative to YouTube. Extrapolating BTC inefficiency to a distributed CDN processing TBs and PBs of traffic...
- masklinn 7y ago> "Very inefficient" is an understatement too! I wonder how much energy Visa and Mastercard combined use to process their transactions. Mind you, they probably do orders of magnitude more transactions per second. There's about 6 orders of magnitude difference in transaction cost. Mastercard/Visa would use ~2W.h per transaction, Bitcoin about 1MW.h.