”Ludicrous” – Analysts Debate How Much Power Is Consumed per Bitcoin Transaction

in news •  7 years ago 

image

In recent months, numerous media outlets have claimed that the power used to conduct a single bitcoin transaction is the equivalent of that required to power an American home for over a week. The exact energy output that each bitcoin transaction consumes is unknowable, due to the varying efficiency of the hardware employed by miners. Despite such, several analysts have attempted to estimate the power consumption required to process bitcoin transactions.

For more details, please visit: https://news.bitcoin.com/analysts-debate-power-consumed-per-bitcoin-transaction/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Thank you for posting

waw