this post was submitted on 21 Nov 2024
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[–] [email protected] 22 points 2 days ago (2 children)

Really though, I just went through a rabbit hole of confirming a single BTC transaction uses more than 700 KWH, that's 3 months electricity to me!

[–] [email protected] 13 points 2 days ago (2 children)

I feel like most of the articles saying this are confusing the mining power usage (a constant load) with the transaction power usage. (Essentially nothing) Each transaction fee does incentivise more mining, but it's not a flat power cost per transaction.

[–] [email protected] 2 points 1 day ago

If the constant load shouldn't count against the transaction, how should it be tallied?

https://www.statista.com/statistics/881541/bitcoin-energy-consumption-transaction-comparison-visa/

[–] [email protected] 1 points 1 day ago

If it's essentially nothing, then why does it take so long to complete?

[–] [email protected] 5 points 2 days ago

A single BTC transaction uses 700kWh of electricity? I'd like to see those documents too now because that doesn't sound right at all.