@mattfrost @byrneseyeview Those are negligible relative to the mining effort, if I understand how it works.
-
This Tweet is unavailable.
-
-
Replying to @MeadBadger
@Celt_Englishman
@mattfrost the power cost is the cost of repeated SHA256 hashings, not dependent on how much is being hashed1 reply 0 retweets 1 like -
This Tweet is unavailable.
-
Replying to @mattfrost
@mattfrost @Celt_Englishman yes. An increase in *price* would increase power consumption, but if transactions grow faster,3 replies 0 retweets 0 likes -
This Tweet is unavailable.
-
Replying to @mattfrost
@mattfrost @Celt_Englishman yeah. Neither has a direct marginal electricity cost.1 reply 0 retweets 0 likes -
Replying to @ByrneHobart
@mattfrost @Celt_Englishman marginal electricity cost is determined by total block reward + tx fees/block, ie mostly Bitcoin price1 reply 0 retweets 0 likes -
This Tweet is unavailable.
-
Replying to @mattfrost
@mattfrost @Celt_Englishman right. If you say "the cost of each transaction is X, thus unsustainable," it means marginal cost.3 replies 0 retweets 2 likes
@byrneseyeview @mattfrost @Celt_Englishman
"we built a factory and sold two cars. Each 'cost' a billion dollars. Stop selling them ASAP!"
-
-
This Tweet is unavailable.
-
Replying to @mattfrost
@mattfrost@MorlockP @Celt_Englishman yes, but it's independent of transaction cost. Hashing empty blocks is just as expensive2 replies 0 retweets 1 like
End of conversation
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.