Re:Mozilla Foundation pausing cryptocurrency donations
by acdha on Friday January 07, 2022 @07:53AM
(#29838531)
The Bitcoin network exists to process transactions. If there are fewer transactions, the per-transaction cost is greater because the network would not exist otherwise – it’s like trying to argue that driving an SUV to work pollutes less because only one of the seats is occupied.
Whether there are zero or a million¹ transactions in a block: the power to mine it is the same.
There is a misunderstanding that hashing power is related to throughput. That correlation does not exist. Hashing power is a function of the price of a Bitcoin.
¹yes, I'm aware of the limts imposed by block sizes. But that too has nothing to do with the power.