this post was submitted on 21 Nov 2024
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[–] tomcatt360@lemmy.zip 13 points 1 month ago (2 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.

[–] SolacefromSilence@fedia.io 2 points 4 weeks ago

If the constant load shouldn't count against the transaction, how should it be tallied?

https://www.statista.com/statistics/881541/bitcoin-energy-consumption-transaction-comparison-visa/

[–] Anticorp@lemmy.world 1 points 4 weeks ago

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