Current Events > 1 BTC transaction = 22+ days of power consumption of an avg US household

Topic List	Page List: 1
teep_ 02/21/21 1:14:10 PM #1:	https://digiconomist.net/bitcoin-energy-consumption/ Single Transaction Footprints Electrical Energy 657.60 kWh Equivalent to the power consumption of an average U.S. household over 22.54 days. smh --- teep dumb as f*** fr - BatmanVonDoom I'm gonna pound a 400 lb woman just to prove teep wrong - NigerianKnight <cite>teep_ posted [p:950910878] in 1 BTC tran... [t:79308826]...</cite> <quote>https://digiconomist.net/bitcoin-energy-consumption/ <quote>Single Transaction Footprints <cite>Electrical Energy</cite> 657.60 kWh Equivalent to the power consumption of an average U.S. household over 22.54 days.</quote> smh</quote> ... Copied to Clipboard!
The Trent 02/21/21 1:15:04 PM #2:	lol --- i swear to God most of y'all cats just don't know The Trent you barely know yourself so i guess most of y'all should be offended <cite>The Trent posted [p:950910928] in 1 BTC tran... [t:79308826]...</cite> <quote>lol </quote> ... Copied to Clipboard!
gunplagirl 02/21/21 1:15:19 PM #3:	So what you're saying is, bitcoins are the path to UNLIMITED POWER? --- tfw no big tiddy goth vampire gf who lactates blood - viewmaster_pi <cite>gunplagirl posted [p:950910942] in 1 BTC tran... [t:79308826]...</cite> <quote>So what you're saying is, bitcoins are the path to UNLIMITED POWER? </quote> ... Copied to Clipboard!
MachineJaipur 02/21/21 1:16:15 PM #4:	How much/long to mine one? <cite>MachineJaipur posted [p:950910971] in 1 BTC tran... [t:79308826]...</cite> <quote>How much/long to mine one? </quote> ... Copied to Clipboard!
Perascamin 02/21/21 1:17:14 PM #5:	I'm not going to read the article. Why does it take so much energy to sell or trade a mined bitcoin? --- I've grown. <cite>Perascamin posted [p:950911005] in 1 BTC tran... [t:79308826]...</cite> <quote>I'm not going to read the article. Why does it take so much energy to sell or trade a mined bitcoin? </quote> ... Copied to Clipboard!
ShyOx 02/21/21 1:17:42 PM #6:	Which is why Bitcoin is not the crypto of the future. Its outdated and people in the crypto world are aware of the many drawbacks. --- http://img836.imageshack.us/img836/6938/vyqp.jpg DIPLOMACY <cite>ShyOx posted [p:950911021] in 1 BTC tran... [t:79308826]...</cite> <quote>Which is why Bitcoin is not the crypto of the future. Its outdated and people in the crypto world are aware of the many drawbacks. </quote> ... Copied to Clipboard!
ShyOx 02/21/21 1:18:31 PM #7:	BEFORE PEOPLE GO FURTHER Its not one transaction, its one giant BLOCK of transactions that occurs every ten minutes. --- http://img836.imageshack.us/img836/6938/vyqp.jpg DIPLOMACY <cite>ShyOx posted [p:950911060] in 1 BTC tran... [t:79308826]...</cite> <quote>BEFORE PEOPLE GO FURTHER Its not one transaction, its one giant BLOCK of transactions that occurs every ten minutes. </quote> ... Copied to Clipboard!
Unsugarized_Foo 02/21/21 1:18:39 PM #8:	Perascamin posted... I'm not going to read the article. Why does it take so much energy to sell or trade a mined bitcoin? A bunch of unintelliectuals --- "All I have is my balls and my word, and I don't break them for anyone!"-Tony Montana <cite>Unsugarized_Foo posted [p:950911064] in 1 BTC tran... [t:79308826]...</cite> <quote>Perascamin posted... </cite> <quote>I'm not going to read the article. Why does it take so much energy to sell or trade a mined bitcoin?</quote> A bunch of unintelliectuals </quote> ... Copied to Clipboard!
Letron_James 02/21/21 1:34:33 PM #9:	Sounds like a stupid currency then --- Ask me if I would eat da booty. <cite>Letron_James posted [p:950911549] in 1 BTC tran... [t:79308826]...</cite> <quote>Sounds like a stupid currency then </quote> ... Copied to Clipboard!
Trumble 02/21/21 1:35:37 PM #10:	ShyOx posted... BEFORE PEOPLE GO FURTHER Its not one transaction, its one giant BLOCK of transactions that occurs every ten minutes. I did wonder. I found it a bit hard to believe that could be the impact of a single transaction, but for a block, it's believable. --- I was gonna write a funny sig, but then I got... <cite>Trumble posted [p:950911583] in 1 BTC tran... [t:79308826]...</cite> <quote>ShyOx posted... </cite> <quote>BEFORE PEOPLE GO FURTHER Its not one transaction, its one giant BLOCK of transactions that occurs every ten minutes.</quote> I did wonder. I found it a bit hard to believe that could be the impact of a single transaction, but for a block, it's believable. </quote> ... Copied to Clipboard!
Perascamin 02/21/21 1:37:50 PM #11:	Trumble posted... I did wonder. I found it a bit hard to believe that could be the impact of a single transaction, but for a block, it's believable. How many transactions are in a block? It takes virtually no energy to transmit data digitally so it must be like, millions --- I've grown. <cite>Perascamin posted [p:950911660] in 1 BTC tran... [t:79308826]...</cite> <quote>Trumble posted... </cite> <quote>I did wonder. I found it a bit hard to believe that could be the impact of a single transaction, but for a block, it's believable.</quote>How many transactions are in a block? It takes virtually no energy to transmit data digitally so it must be like, millions </quote> ... Copied to Clipboard!
teep_ 02/21/21 1:44:06 PM #12:	Perascamin posted... I'm not going to read the article. Why does it take so much energy to sell or trade a mined bitcoin? From what I understand, every transaction is accompanied by a sort of verification, which is mathematically (and therefore electrically) intensive --- teep dumb as f*** fr - BatmanVonDoom I'm gonna pound a 400 lb woman just to prove teep wrong - NigerianKnight <cite>teep_ posted [p:950911876] in 1 BTC tran... [t:79308826]...</cite> <quote>Perascamin posted...</cite> <quote>I'm not going to read the article. Why does it take so much energy to sell or trade a mined bitcoin?</quote> From what I understand, every transaction is accompanied by a sort of verification, which is mathematically (and therefore electrically) intensive</quote> ... Copied to Clipboard!
Trumble 02/21/21 1:45:43 PM #13:	Perascamin posted... How many transactions are in a block? It takes virtually no energy to transmit data digitally so it must be like, millions I'd have to get quite into the technical side of things to explain the how / why (and I don't 100% understand it myself, though I at least somewhat do), but it's basically by design that it needs a lot of energy to process a block, and it's a factor in Bitcoin's integrity. An average block these days contains around 2500 transactions. --- I was gonna write a funny sig, but then I got... <cite>Trumble posted [p:950911925] in 1 BTC tran... [t:79308826]...</cite> <quote>Perascamin posted... </cite> <quote>How many transactions are in a block? It takes virtually no energy to transmit data digitally so it must be like, millions</quote> I'd have to get quite into the technical side of things to explain the how / why (and I don't 100% understand it myself, though I at least somewhat do), but it's basically by design that it needs a lot of energy to process a block, and it's a factor in Bitcoin's integrity. An average block these days contains around 2500 transactions. </quote> ... Copied to Clipboard!
kirbymuncher 02/21/21 1:46:26 PM #14:	it's believeable but it's still kind of absurd (and power requirements to do this will only get higher and higher) https://www.ofnumbers.com/2021/02/14/bitcoin-and-other-pow-coins-are-an-esg-nightmare/ another big article on a similar train of thought, it also points out the corruption angle in that the whole mining process is just about sucking up as much of a public utility (electricity) as you can and converting it to privatized gains --- THIS IS WHAT I HATE A BOUT EVREY WEBSITE!! THERES SO MUCH PEOPLE READING AND POSTING STUIPED STUFF <cite>kirbymuncher posted [p:950911945] in 1 BTC tran... [t:79308826]...</cite> <quote>it's believeable but it's still kind of absurd (and power requirements to do this will only get higher and higher) https://www.ofnumbers.com/2021/02/14/bitcoin-and-other-pow-coins-are-an-esg-nightmare/ another big article on a similar train of thought, it also points out the corruption angle in that the whole mining process is just about sucking up as much of a public utility (electricity) as you can and converting it to privatized gains </quote> ... Copied to Clipboard!
Choco 02/21/21 1:51:12 PM #15:	teep_ posted... From what I understand, every transaction is accompanied by a sort of verification, which is mathematically (and therefore electrically) intensive The verification you're talking about is for every block, not every transaction. The transactions are verified too (standard public/private key stuff) but that part isn't the reason for the huge power consumption. --- https://imgur.com/286sD4e http://error1355.com/ce/Choco.html <cite>Choco posted [p:950912103] in 1 BTC tran... [t:79308826]...</cite> <quote>teep_ posted... </cite> <quote>From what I understand, every transaction is accompanied by a sort of verification, which is mathematically (and therefore electrically) intensive</quote>The verification you're talking about is for every block, not every transaction. The transactions are verified too (standard public/private key stuff) but that part isn't the reason for the huge power consumption. </quote> ... Copied to Clipboard!
teep_ 02/21/21 1:59:42 PM #16:	Choco posted... teep_ posted... From what I understand, every transaction is accompanied by a sort of verification, which is mathematically (and therefore electrically) intensive The verification you're talking about is for every block, not every transaction. The transactions are verified too (standard public/private key stuff) but that part isn't the reason for the huge power consumption. Gotcha, thanks for the info --- teep dumb as f*** fr - BatmanVonDoom I'm gonna pound a 400 lb woman just to prove teep wrong - NigerianKnight <cite>teep_ posted [p:950912375] in 1 BTC tran... [t:79308826]...</cite> <quote>Choco posted...</cite> <quote>teep_ posted... </cite> <quote> From what I understand, every transaction is accompanied by a sort of verification, which is mathematically (and therefore electrically) intensive</quote>The verification you're talking about is for every block, not every transaction. The transactions are verified too (standard public/private key stuff) but that part isn't the reason for the huge power consumption.</quote> Gotcha, thanks for the info</quote> ... Copied to Clipboard!
Topic List	Page List: 1

Current Events > 1 BTC transaction = 22+ days of power consumption of an avg US household (+) Yeah! (+)

Current Events > 1 BTC transaction = 22+ days of power consumption of an avg US household