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> Youll be glad to know most btc mining comes from renewable energy Any sources? Any time I've tried to investigate this, I've found this to very much not be t
by Jasper_ 6y ago
> Youll be glad to know most btc mining comes from renewable energy
Any sources? Any time I've tried to investigate this, I've found this to very much not be the case. A majority of mining pools are in places where energy is cheap, but not necessarily renewable.
> and the existing financial infrastructure uses more energy.
And you expect that's just going to... disappear once Bitcoin wins? JP Morgan & Chase are going to go "oh, guess we've been beat" and pack their bags?
The existing financial infrastructure costs a lot, but Bitcoin isn't too far behind, and Bitcoin can only do a ~3 transactions per second [0]. Visa's data center they built back in 2012 is completely renewable, and can do 2,500 transactions per second. [1]
[0] https://www.blockchain.com/charts/transactions-per-second https://www.blockchain.com/charts/transactions-per-second
[1] https://www.cnbc.com/id/46867832 https://www.cnbc.com/id/46867832
- trident5000 6y agoI posted a link below. 3tps is just flat out incorrect through simple math dividing the transactions per day by seconds in a day so you're just lying. Also the chain is a settlement layer not meant for paying for coffee. If it was faster it would bloat ahead of memory advancement and become centralized. If gold value collapses yes the mining would significantly go down.