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According to that page, a single Bitcoin transaction (e.g. me purchasing a fraction of a coin) uses enough electricity to charge a Tesla Model 3 up 8.5 times.
by cptskippy 6y ago
According to that page, a single Bitcoin transaction (e.g. me purchasing a fraction of a coin) uses enough electricity to charge a Tesla Model 3 up 8.5 times.
That doesn't seem right.
- danpalmer 6y agoThis is averaged across transactions because it's more about the mining cost, but also there are _many_ computers that need to process your transaction and repeat the same work, because it's decentralised. That's a big factor too.
- barkingcat 6y agoWhy doesn't that seem right? You do realize that bitcoin transactions are secured by hashrate right? It's one of the largest distributed computing projects in the world.