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> larger and larger usage of energy by design It's actually the opposite: its energy usage shrinks and shrinks, by design. Every 210,000 blocks (~4 years), th
by greyface- 3y ago
> larger and larger usage of energy by design
It's actually the opposite: its energy usage shrinks and shrinks, by design. Every 210,000 blocks (~4 years), the block reward (mining subsidy) drops in half. At the limit, it approaches zero, and the network can only afford to spend as much on energy as users pay in transaction fees.
Admittedly, "the limit" is quite a few years off, and there's a big subsidy still. I'm surprised we haven't seen taxing authorities go after block rewards specifically - they're why miners are currently willing to spend 10~20x on energy vs what users pay them for transactions.