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The total power consumption of any given crypto currency scales according to the ongoing value of new block rewards per fixed unit of time. You can ignore the r
by CydeWeys 7y ago
The total power consumption of any given crypto currency scales according to the ongoing value of new block rewards per fixed unit of time. You can ignore the rest of the factors (like algo, block time) for the most part. Miners run if they can make money for a given cost of electricity, and don't if they can't.
- tromp 7y agoIndeed; see for example this screener showing daily issuance in dollars: https://messari.io/screener/play-around-074BC5B4 https://messari.io/screener/play-around-074BC5B4 from which we can infer that Bitcoin uses about 10x more electricity than Ethererum.