6 ms·
How do you reach that number? (CO2/block) / (transactions/block)? I imagine these transactions are being done over the lightning network or something like that
by drdeca 5y ago
How do you reach that number? (CO2/block) / (transactions/block)?
I imagine these transactions are being done over the lightning network or something like that(I could be wrong on this though), in which case that calculation wouldn’t give the right answer.
In addition, I think I would evaluate the CO2 costs per transaction based on the contributions to the mining reward (because this is the part of transaction which has an influence on how much power people use to mine), which I think for bitcoin is still relatively small compared to the block reward part?
Well, there’s also the influence on the price that making transactions has.
- okl 5y agoCheck the numbers. Bitcoin is just not worth it's ecological footprint: https://digiconomist.net/bitcoin-energy-consumption https://digiconomist.net/bitcoin-energy-consumption
- zsmi 5y agoThat's new to me. It seems the argument hinges on this fact, "Bitcoin could therefore theoretically handle around 220 million transactions annually." I think the assumption that there will be no innovation in this space, optimizations will never decrease the amount of computing resources required for a bitcoin transaction, and nothing can be done, is probably incorrect. Some prospects: https://en.wikipedia.org/wiki/Bitcoin_scalability_problem#Efficiency_improvements https://en.wikipedia.org/wiki/Bitcoin_scalability_problem#Ef...
- okl 5y agoThe pollution is happening right now. You must realize that appealing to a hypothetical future solution doesn't excuse us from our obligation to do things right in the present.
- lostmsu 5y agoCan you outline how that could have worked for cars, trains, and all other automation, which were all extremely polluting and inefficient, and were slowly refined over a course of XX century?