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

Sam Generic samgeneric at gmail.com
Tue Nov 14 15:46:19 EST 2017

Bitcoin scales to the lowest marginal cost of energy in the world. If you
believe that it burns too much energy, you ought to be advocating for high
taxes on bitcoin mining. If the price of burning bitcoins is 9 cents
instead of 3, then Bitcoin will require 3x less energy for the same security
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