Re:Mozilla's call for cryptocurrency donations angers founder
by tsimionescu on Thursday January 06, 2022 @04:15AM
(#29821181)
> The amount of power that is used in PoW is not correlated to the transaction volume.
Of course it is, since a block holds a max number of transactions. Say a block can hold between 1 and 1000 transactions. Then, mining a block takes 1 kWh. This means that a transaction takes between 1 kWh and 1Wh, depending on transaction size (number of wallets involved, other metadata etc).
Of course it is, since a block holds a max number of transactions. Say a block can hold between 1 and 1000 transactions. Then, mining a block takes 1 kWh. This means that a transaction takes between 1 kWh and 1Wh, depending on transaction size (number of wallets involved, other metadata etc).