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A comment on Proof of stake is incapable of producing a consensus. Parent comment

Re:Proof of stake is incapable of producing a consensus by timbit42 on Sunday November 28, 2021 @10:15AM (#29369486)
If Bitcoin dropped PoW and miners switched to other PoW cryptocurrencies, then that would be a huge reduction in power consumption worldwide because all the other PoW coins combined probably don't have the transactions Bitcoin does.

Additionally, the Lightning Network drastically cuts mining power consumption.

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Re:Proof of stake is incapable of producing a consensus by Kbelicius on Sunday November 28, 2021 @10:49AM (#29369802)
This doesn't makes any sense. The amount of energy any PoW coin uses has nothing to do with the number of transactions that are made.
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Re:Proof of stake is incapable of producing a consensus by pkulak on Sunday November 28, 2021 @11:58AM (#29370505)
It absolutely does, since mining rewards are mostly from transaction fees.
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Re:Proof of stake is incapable of producing a consensus by Kbelicius on Sunday November 28, 2021 @12:54PM (#29371081)
No they are not. For mining a block of BTC a miner gets a reward of 6.25 BTC. Transaction fees, by looking at the past few blocks, don't go much beyond 0.05 BTC. That is not even close.
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