silence7@slrpnk.net to News@lemmy.worldEnglish · 6 months agoBiden Bans Chinese Bitcoin Mine Near U.S. Nuclear Missile Basewww.nytimes.comexternal-linkmessage-square16fedilinkarrow-up1165
arrow-up1165external-linkBiden Bans Chinese Bitcoin Mine Near U.S. Nuclear Missile Basewww.nytimes.comsilence7@slrpnk.net to News@lemmy.worldEnglish · 6 months agomessage-square16fedilink
minus-squarestoy@lemmy.ziplinkfedilinkarrow-up11·6 months agoA few months ago I read up on how much energy is used in a bitcoin transaction compared to a VISA transaction, it was something like 10000 times more energy for a bitcoin transaction
minus-squareerrer@lemmy.worldlinkfedilinkEnglisharrow-up18·6 months ago10000 seems generous to Bitcoin given a single transaction takes 1.3 megawatt hours. https://www.thebalancemoney.com/how-much-power-does-the-bitcoin-network-use-391280
minus-squarestoy@lemmy.ziplinkfedilinkarrow-up4·6 months agoYou are absolutely right, I must be off by an order of magnitude.
A few months ago I read up on how much energy is used in a bitcoin transaction compared to a VISA transaction, it was something like 10000 times more energy for a bitcoin transaction
10000 seems generous to Bitcoin given a single transaction takes 1.3 megawatt hours. https://www.thebalancemoney.com/how-much-power-does-the-bitcoin-network-use-391280
You are absolutely right, I must be off by an order of magnitude.