Re:Cambridge Bitcoin Electricity Consumption Index
by miracle2k on Wednesday February 10, 2021 @08:32PM
(#26097191)
They will not increase it. I am merely pointing out the idea "to do twice the number of transactions it would consume twice as much energy" is not correct, because raising the block size would not necessarily increase energy consumption.
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Re:Cambridge Bitcoin Electricity Consumption Index
by arcticbull on Wednesday February 10, 2021 @08:39PM
(#26097229)
That’s not the point I’m making. The point I’m making is it takes more energy per transaction even after factoring in all specified and unspecified externalities because it’s not thermodynamically possible for visa to use as much energy per transaction. Visa would have to consume roughly 3X the entire worlds power output to match the sheer waste of Bitcoin.