News for hackers. Stuff that matters.

A comment on Just 137 crypto miners use 2.3% of total U.S. power. Parent comment

Re:Just 137 crypto miners use 2.3% of total U.S. power by null0pointer on Friday February 09, 2024 @12:34PM (#39317683)
Bitcoin’s transaction throughput is artificially limited (hamstrung) and so not a useful denominator for comparisons.

In theory it’s possible for a Bitcoin-like blockchain to record all of Visa’s transactions in a single giga-block with only a single mining hash attempt.

Transaction throughput is not meaningful here.

[ Parent | on HN ]
Re:Just 137 crypto miners use 2.3% of total U.S. power by rspeele on Friday February 09, 2024 @12:40PM (#39317778)
It's meaningful since Bitcoin is the most popular, most energy-consuming crypto and it has this limitation, with no plans of changing.

"Well, it's supposed to suck like that" doesn't change that Bitcoin is consuming tremendous amounts of energy to serve very, very few customers.

[ Parent | on HN ]