one block is not one transaction. Bitcoin has use only a tiny amount of energy if you compare this to the energy that use data centers to secure the world digital banking system.
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sorry to tell you this but every centralised banking system out there is more efficient than bitcoin because they have economies of scale whereas bitcoin is the opposite
2 replies 0 retweets 0 likes -
Replying to @hikari_no_yume @spiroseliot and
Hector Martin Retweeted Hector Martin
They mean one transaction. Do the math. I did and it checks out. 300 kWh *per transaction*. Not per block. Per single transaction in the block. Yes, Bitcoin is *that* ridiculously inefficient.https://twitter.com/marcan42/status/953775357978591232 …
Hector Martin added,
2 replies 1 retweet 5 likes -
Replying to @marcan42 @hikari_no_yume and
how you calculate txs per block when every txs can include dozen of transactions or when every block has not stable txs? Public your paper and your calculations so everyone to do a proper tech analysis. Now you say just bullshits or worst just a click bait.
2 replies 0 retweets 0 likes -
Replying to @spiroseliot @hikari_no_yume and
You calculate the maximum number of transactions per block given the blocksize limit. Read the thread. This is not rocket science. You take publicly available estimates of Bitcoin mining power consumption and do some simple math.
1 reply 0 retweets 3 likes -
Replying to @marcan42 @hikari_no_yume and
no you cant. And is another proof that you dont know how bitcoin-blockchain works. I dont say that bitcoin not use energy but this calculations are completely false.
1 reply 0 retweets 0 likes -
Replying to @spiroseliot @hikari_no_yume and
If you want to claim I made a mistake in the calculation, you're going to have to point out the mistake. Just saying "you're wrong" without an explanation just makes *you* look like you have no idea what you're talking about.
1 reply 0 retweets 8 likes -
Replying to @marcan42 @hikari_no_yume and
i just told you but your cant understand it because your dont know how bitcoin system works.
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Replying to @spiroseliot @hikari_no_yume and
I'm sure I don't know how Bitcoin works; I just happened to read the original Bitcoin paper and build a Cell SPE miner 8 years ago. I also got out when it became clear the community had spiraled out of control and the current system was unsustainable.
3 replies 0 retweets 3 likes -
Replying to @marcan42 @hikari_no_yume and
can you understand this? https://blockchain.info/tx/0d74fab8619a380026882f757555307b80af0ee9b8d274b44a3e963ab6c5046b … No Educate yourself first and after that we can talk. A good place to start is here https://lopp.net/bitcoin.html
2 replies 0 retweets 0 likes
Understand what? A transaction with 81 inputs and 2 outputs? What about it? Are *you* sure you understand it? If you're trying to make a point, actually make the point, not just link to a random transaction.
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