Re:Bitcoin's Enormous Energy Costs May Prove to Be Its Bigge...
by cwkoss on Thursday November 09, 2017 @04:02PM
(#15665852)
Because increasing the number of transactions does not significantly change energy cost.
Bitcoin's daily energy cost will asymptotically approach (price per coin)*(daily miner reward amount).
As block reward decreases, we may see less energy investment in the future.
There is a loose link between number of transactions and price (network effect of more people using Bitcoin increases perceived value), but its probably a fairly small correlation.
Bitcoin's daily energy cost will asymptotically approach (price per coin)*(daily miner reward amount).
As block reward decreases, we may see less energy investment in the future.
There is a loose link between number of transactions and price (network effect of more people using Bitcoin increases perceived value), but its probably a fairly small correlation.