3 ms·
8 billion people aren't using BTC, so your denominator doesn't have any sensible meaning. You divide BTC energy by 3 transactions per second.
by lern_too_spel 4y ago
8 billion people aren't using BTC, so your denominator doesn't have any sensible meaning. You divide BTC energy by 3 transactions per second.
- wruza 4y agoIt does, because mining cost doesn’t scale with a number of users. It is a per-humanity process. The only sensible comparison here is to the average of per-person or per-humanity waste. You divide BTC energy by 3 transactions per second What meaning does that have? An absolute cost of a transaction compared to what?
- lern_too_spel 4y agoAll of humanity can't use Bitcoin if only three people can use it per second. It's an absolute cost per transaction compared to traditional money with banking, which is so cheap to use that it's basically free.