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

Allen allenpmd at gmail.com
Tue Nov 14 18:12:07 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.

The energy used for bitcoin mining could also be dramatically reduced
by setting the mining reward to zero, so miners receive only
transaction fees and no mining rewards.  Without mining rewards, the
miners would quickly and drastically cut the amount of energy they

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