that's a bitcoin transaction
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Replying to @hikari_no_yume @marcan42 and
i really dont have time. You can easily find what i try to say three tweets before... :P I cant answer the same thing to every "supporter" of this non tech guy. What kind of media is this? The blind-tech fest?
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Replying to @spiroseliot @hikari_no_yume and
If you're trying to argue that the number of transactions per block is variable (I think that's what you're trying to argue? You're doing a terrible job of it) the point is that's is a *maximum* number of minimum-sized transactions, and you can use that to do the calculation.
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Replying to @marcan42 @hikari_no_yume and
you calculate transactions to bitcoin as a single input output this is wrong. Every AtM use 5520W. There are over 400,000 ATM to USA. That means that only in USA the ATM's uses 2428800000w
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Replying to @spiroseliot @hikari_no_yume and
What exactly makes you think a single ATM uses 5520W? Here's an ATM datasheet. 260W idle, 410W during a transaction. http://www2.diebold.com/gssasupaes/cut_sheets/cut_sheet_files/Self%20service%20terminals%20-%20ATMs/BulkCash%20terminals/177443r02.pdf …
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Replying to @marcan42 @hikari_no_yume and
maybe i am wrong to this number i had not time to confirm it but even with 410w USA ATM for sure uses the same power as every house in develop world use or all of ATM's of USA use the same power as a small country. And we talk about one single country.
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Replying to @spiroseliot @marcan42 and
ATMs are an interesting case because they are one of the less efficient parts
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Replying to @hikari_no_yume @spiroseliot and
if you consider solely point-of-sale transactions, traditional banking uses much less energy
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Replying to @hikari_no_yume @spiroseliot and
and actually even if traditional banking uses more energy overall, it doesn't help *efficiency*
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Replying to @hikari_no_yume @spiroseliot and
the traditional banking system can process several orders of magnitude more transactions
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And ATMs do more anyway. That's dealing with physical cash. We already have cash-less centralized banking systems. Comparing Bitcoin to the cash-based economy and not the cashless economy is not a fair comparison.
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Replying to @marcan42 @hikari_no_yume and
similarly, points of sale worldwide consume massive amounts of power in aggregate, but that'd be true regardless of the payment system used
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Replying to @11rcombs @hikari_no_yume and
Bitcoin points of sale (real ones participating in the network) would use way more energy than traditional ones anyway. You can't run bitcoind on a tiny embedded platform with megabytes of storage.
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