End of Crypto?

[77T]

Originally Posted by huncho

this is extremely misleading and how the media gets people. a "single" bitcoin transaction can include hundreds of payments. the electricity is spent validating a block which rewards bitcoins to the miner.

To be fair, I think Joey meant the amount of power to complete the “proof of work” sufficient to mine a Bitcoin rather than a single “transaction”.

The Kw hours is the generally accepted number though.

And is why ETH wanted a proof of stake to replace proof of work to significantly reduce data center power needed.


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