this post was submitted on 21 Nov 2024
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[–] [email protected] 58 points 1 day ago (14 children)

"I'm going to paint a shitty picture" ....... while using enough electricity to power a small town for two months

[–] [email protected] 21 points 1 day ago (3 children)

Really though, I just went through a rabbit hole of confirming a single BTC transaction uses more than 700 KWH, that's 3 months electricity to me!

[–] tomcatt360 12 points 1 day ago (1 children)

I feel like most of the articles saying this are confusing the mining power usage (a constant load) with the transaction power usage. (Essentially nothing) Each transaction fee does incentivise more mining, but it's not a flat power cost per transaction.

[–] [email protected] 1 points 2 hours ago

If it's essentially nothing, then why does it take so long to complete?

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