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Re:Bitcoin Mining Now Consuming More Electricity Than Many C... by mikeash on Wednesday November 22, 2017 @02:37PM (#15759801)
When comparing energy usage to other financial systems, don't forget to also look at how many transactions they're able to handle. Bitcoin is tiny in terms of the number of transactions, so while the financial system as a whole no doubt uses more energy, it also facilitates orders of magnitude more activity. In terms of energy per transaction, Bitcoin is thousands of times higher.
Re:Bitcoin Mining Now Consuming More Electricity Than Many C... by ryanjmo on Thursday November 23, 2017 @04:52AM (#15764024)
Why isn't it then more expensive to hold and transfer then? Seems like those should be correlated.
Re:Bitcoin Mining Now Consuming More Electricity Than Many C... by mikeash on Thursday November 23, 2017 @10:42AM (#15765676)
Sorry, I don’t understand what you’re asking. What isn’t what more expensive? What should be correlated?