Re:Running Bitcoin uses a small city’s worth of electricity
by Animats on Monday October 02, 2017 @03:40PM
(#15387234)
Even excluding mining cost, Bitcoin does a lot of work per transaction. Every full node gets an update for every transaction.
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Re:Running Bitcoin uses a small city’s worth of electricity
by _jtrig on Monday October 02, 2017 @04:02PM
(#15387416)
The bitcoin network leverages electricity/computing costs as a way to ensure competitive decentralized security.
It's driving electrical/computational consumption efficiency but its definitely a catch-22 as with most technology.