3 ms·
Can you share how you worked that out?
by fredfoobar 6y ago
Can you share how you worked that out?
- ohgodplsno 6y agoYearly bitcoin consumption: 120TWh Blocks mined per year: 52560 (One every 10 minutes: 6 * 24 * 365) Transactions per block: ~2000 2283MWh per block. 1 MWh per transaction.
- fredfoobar 6y agoThis is misleading, why are you using "transactions per block"? that's an incorrect metric, because blocks will get mined regardless of the number of transactions in it (in fact, you can batch WAY more transactions into a block). In the future, when you can account for millions of transactions per block, will you tone down this "bitcoin consumes a lot of energy" rhetoric? Also, you haven't spoken at all about the other side of the equation. Have you accounted for all the externalities for the other monetary network you are comparing Bitcoin to?