5 ms·
> The energy usage of Bitcoin doesn't meaningfully go up with more transactions, No it just always always goes up regardless of transaction volume as the block
by ForHackernews 6y ago
> The energy usage of Bitcoin doesn't meaningfully go up with more transactions,
No it just always always goes up regardless of transaction volume as the block-difficulty increases infinitely. You've built a system that by design can literally only become less efficient.
It's actually even worse and stupider than if it were a per-transaction energy usage.
- noch 6y ago> No it just always always goes up regardless of transaction volume as the block-difficulty increases infinitely. [sigh] The difficulty adjustment is so a block is issued on average every 10 minutes. It therefore does not increase infinitely but both increases and decreases depending on the amount of hashpower in the network. https://en.bitcoin.it/wiki/Difficulty https://en.bitcoin.it/wiki/Difficulty
- ForHackernews 6y agoHas it ever decreased? > What is the maximum difficulty? > There is no minimum target. The maximum difficulty is roughly: maximum_target / 1 (since 0 would result in infinity), which is a ridiculously huge number (about 2^224).
- noch 6y ago> Has it ever decreased? Obviously. https://www.coindesk.com/bitcoin-mining-difficulty-large-drop https://www.coindesk.com/bitcoin-mining-difficulty-large-dro...