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Yeah, BTC and ETH together burn around 1% of world electricity consumption (though that might go down now). A single BTC transaction pays the miners over $100
by FabHK 4y ago
Yeah, BTC and ETH together burn around 1% of world electricity consumption (though that might go down now).
A single BTC transaction pays the miners over $100 in seignorage/mining reward (increasing the money supply, around 1.7% p.a. until the next halving), of which around up to half, AFAIK, goes into electricity and mining equipment. Would love to see a good breakdown on that.