How much power does it take to make one bitcoin transaction?
94 kWh! Notice that this is for transactions, not mining. You were right @justchap
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Ethereum is moving to that model (the #2 crypto). Many others are already using it. Just makes more sense.
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Even if it’s much more efficient, I’m wondering about the environmental cost of blockchain tech in terms of electricity/heat/waste.
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There's no reason to think that distributed consensus can't be achieved in an energy efficient way.
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Isn’t it just inherent in the tech that it increases one transaction (in a single SQL db) to, like, 1k or 10k transactions (distributed)?
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Well, blockchains aren't exactly distributed databases. There is a lot happening "off chain", in many projects, to improve efficiency.
End of conversation
New conversation -
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Read more on Proof of Stake: https://en.m.wikipedia.org/wiki/Proof-of-stake …
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