How much power does it take to make one bitcoin transaction?
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Replying to @OortCloudAtlas
This is why there's a shift (ex. Ethereum) away from the proof of work model to proof of stake model. Proof of work is wasteful.
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Replying to @VincentHorn
94 kWh! Notice that this is for transactions, not mining. You were right
@justchap2 replies 0 retweets 0 likes -
Replying to @OortCloudAtlas @justchap
Ethereum is moving to that model (the #2 crypto). Many others are already using it. Just makes more sense.
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Replying to @VincentHorn @justchap
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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Replying to @OortCloudAtlas @justchap
There's no reason to think that distributed consensus can't be achieved in an energy efficient way.
4 replies 0 retweets 1 like
Justin & I (& Krisztina ) were having a whiskey & talking @ the world last night, & he brought up this question. Very interesting.
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