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Do NFTs (i.e., CryptoArt) add any ecological cost to the ongoing cost of Ethereum?
by neiman 6y ago
Do NFTs (i.e., CryptoArt) add any ecological cost to the ongoing cost of Ethereum?
- iamacyborg 6y agoYes.
- randomhodler84 6y ago“No”. Energy usage is independent of transaction volume.
- iamacyborg 6y agoMore folks wanting to participate, more folks buying and trading Ether, more transactions, more CO2.
- randomhodler84 6y agoNo, this is not true. Mining costs (in energy) are independent of: tx vol, tx complexity, ether cost and client versions. They depend only on global hashrate setting difficulty, to ensure block times.
- iamacyborg 6y agoFolks aren't incentivised to mine a blockchain with little activity.
- neiman 6y agoNo, the amount of txs does not effect the CO2.