Re:A faster, more efficient cryptocurrency
by foxrob92 on Monday February 18, 2019 @08:15PM
(#19195948)
Sure, but estimates for marginal energy costs for bitcoin transactions sit at around 150-250 kWh.
A 310L fridge [1] (random one I found) for context uses about 280 kWh per year [2].
I think it's pretty ridiculous to say that the average bitcoin transaction provides approximately half the value (in the best case scenario) as having the ability to refrigerate food for a year. I'd say "pissing away" is a pretty fair comparison.
A 310L fridge [1] (random one I found) for context uses about 280 kWh per year [2].
I think it's pretty ridiculous to say that the average bitcoin transaction provides approximately half the value (in the best case scenario) as having the ability to refrigerate food for a year. I'd say "pissing away" is a pretty fair comparison.
[1] https://www.lg.com/au/fridges/lg-GB-310RPL
[2] http://www.energyrating.gov.au/calculator
With [2] you will need to put the model number in the "Brand or Model" box