the most impressive number in this article is that the energy consumption of a single bitcoin transaction is equivalent to leaving an electric oven on for three days straight
RT @keisisqrl@twitter.com Bitcoin: the 39th largest country by energy consumption, beating out Austria and Chile digiconomist.net/bitcoin-energ

🐦🔗: twitter.com/keisisqrl/status/1

Follow

and since the network is intentionally designed to do approximately constant work per unit wall-clock time, that will get WORSE as people add mining nodes, and only improve when the network votes to increase block size or ASIC manufacturers execute die shrinks

· Mastodon Twitter Crossposter · 1 · 0 · 0

it took 7 hours for a bitcoiner to complain that this analysis isn't counting the "something of value" the system is doing by committing a coinbase transaction to magically give someone 25 BTC, which is longer than I expected and still the most ridiculous thing I've ever heard

Sign in to participate in the conversation
Mastodon

Server run by the main developers of the project 🐘 It is not focused on any particular niche interest - everyone is welcome as long as you follow our code of conduct!