3 ms·
Maybe a bespoke (mostly) decentralized implementation that requires more power than mid-sized countries isn't worth it; especially if it's throughput is 7 TPS.
by paulryanrogers 3y ago
Maybe a bespoke (mostly) decentralized implementation that requires more power than mid-sized countries isn't worth it; especially if it's throughput is 7 TPS.
- mrb 3y agoYou could also say "more power than 3 large US cities" (Los Angeles = 60 TWh/yr, Bitcoin = 180 TWh/yr) and your statement would be equally valid, yet much less impressive. Saying "mid-size country" is about as useful as "mid-size rocks" since mid-sized countries, like mid-sized rocks span 3-4 orders of magnitudes. Fist-sized? Regrigerator-sized? Bus-sized? Did you know that China curtails more hydropower (200+ TWh/yr [1]) than the global electricity consumption of Bitcoin, than entire "mid-size countries"? China literally spills water through the dams without powering the turbines, because they have a hydropower surplus that they can't redistribute through their national grid. When you start learning things like that, you realize Bitcoin's electricity consumption is, fortunately, still a drop in the bucket compared to the immense waste from, well, everything else humans do on the planet. [1] https://www.sciencedirect.com/science/article/abs/pii/S1364032117312315 https://www.sciencedirect.com/science/article/abs/pii/S13640...
- block_dagger 3y agoHow much power does the existing system of mining, storage, minting, accounting, etc cost? Let’s compare.
- Forgeties79 3y agoYou know, I hear this repeated a lot, but I never see anyone put up numbers. I would be very curious to see your math.
- thfuran 3y agoWhat percentage of financial transactions even involve coinage?