4 ms·
Each subsequent transaction still uses a significant amount of energy, no?
by filleduchaos 6y ago
Each subsequent transaction still uses a significant amount of energy, no?
- cwkoss 6y agoYeah, a better comparison would be energy usage per transaction, and completely disregard coin creation as a distinct kind of transaction (fundamentally, coin creation is just another transaction in the block). There are still many caveats and nuances when analyzing this number, but at least it would be a valid comparison.
- aeternum 6y agoThe miner hash power secures the blockchain and is independent of transaction rate. Increasing the transaction rate does not require any additional energy expenditure and transaction rate (block size) has already been increased twice since Bitcoin's inception. Dividing the total power consumption of bitcoin by the relatively small transaction rate makes for good headlines so I'd expect it to continue even though the two are unrelated.