News for hackers. Stuff that matters.

A comment on Cambridge Bitcoin Electricity Consumption Index. Parent comment

Re:Cambridge Bitcoin Electricity Consumption Index by bcheung on Wednesday February 10, 2021 @12:39PM (#26092266)
A transaction or a block? Multiple transactions are recorded in a single block. The massive computational power is used to certify and lock down blocks at a time, not individual transactions.
[ Parent | on HN ]
Re:Cambridge Bitcoin Electricity Consumption Index by xirbeosbwo1234 on Wednesday February 10, 2021 @12:44PM (#26092351)
A transaction. A block can hold a limited number of transactions, so the throughput is limited. It works out to about four transactions per second on average.

The cost to "mine" a whole block is even more ludicrous.

[ Parent | on HN ]