Re:New study quantifies Bitcoin’s ludicrous energy consumption
by thisisit on Thursday May 17, 2018 @11:47AM
(#17092333)
> Transactions don't consume energy.
Makes me wonder - what is your definition of a transaction?
Traditionally a transaction is something which has been committed to the book or ledger. Transactions cannot exist out in the wild without being on the books. And the ledger creation in bitcoin doesn't happen until a block is mined. Block mining consumes energy. And hence, transactions consume energy too.
Makes me wonder - what is your definition of a transaction?
Traditionally a transaction is something which has been committed to the book or ledger. Transactions cannot exist out in the wild without being on the books. And the ledger creation in bitcoin doesn't happen until a block is mined. Block mining consumes energy. And hence, transactions consume energy too.