3 ms·
The per-transaction electricity measure is pretty flawed as the number of transactions per block is independent from the mining difficulty. Block size has alre
by aeternum 6y ago
The per-transaction electricity measure is pretty flawed as the number of transactions per block is independent from the mining difficulty. Block size has already been increased twice (BIP 102 and then by SegWit), and can again in the future as number of bitcoin transactions scales up.
Over 75% of bitcoin miners are also now merge-mining (mining for other blockchains like RSK for example so this hash power secures not only BTC, but other currencies as well.