[Cryptography] One Bitcoin Transaction Now Uses as Much Energy as Your House in a Week

Florian Weimer fw at deneb.enyo.de
Thu Nov 9 15:32:44 EST 2017

* Tony Arcieri:

> Meanwhile hashpower continues to skyrocket:
> https://blockchain.info/charts/hash-rate?timespan=all
> The rise in energy-per-transaction shows the combination of energy being
> invested in mining power combined with anemic transaction rates.

Or several groups have a shortcut and their models independently show
that they can tune up their rate without revealing the existence of
their shortcut.

(And I'm not talking about a 20% advantage or something like that,
which is well within margin of local prices for electricity.)

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