News for hackers. Stuff that matters.

A comment on Did Bitcoin just prove it can't scale?. Parent comment

Re:Did Bitcoin just prove it can't scale? by Phenomenit on Saturday December 09, 2017 @04:47PM (#15888355)
My point wasn't really about comparing Visa/Mastercard connected accounts with cryptoaccounts.

I just wanted to highlight that for a traditional transaction to be completed between to accounts requires a lot more energy and infrastructure than just the energy consumed directly by those services.

Nevertheless I still think its outrageous that so much energy is wasted mining BTC.

[ Parent | on HN ]
Re:Did Bitcoin just prove it can't scale? by ben_w on Saturday December 09, 2017 @05:01PM (#15888420)
Please quantify the energy use of the conventional approach — many people want to make the same point as you, but there don’t seem to be any (easily referenced) numbers estimating the energy cost per transaction of the alternatives.
[ Parent | on HN ]