Bitcoin consumes 4,000,000,000 W of power to process four transactions per second. A single Raspberry Pi with a database can do an order of magnitude more on 5W. Think about that next time you wonder if it's a good design.
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Btw, the actual mistake is equating the bitcoin mining with its transaction network. Imho, bitcoin will be replaced with something with less ginormous mining expenses. The sooner the better.
The 4 transactions per second limit is unrelated to mining costs per se. It's a fundamental design parameter of the network that has been baked in from the start. It was a conscious, completely ridiculous design choice.
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The problem with Bitcoin is it actually succeeded, and so people started trying to use it, and ran into that hardcoded limit, and so now we have utterly ridiculous skyrocketing mining costs for a pathetically low goodput from the entire system.
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