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by DINKDINK 2785 days ago
>The problem with Proof of Work is that it is too inefficient and not that it consumes too much energy. If bitcoin could do 100k transactions per second globally

The amount of energy mining consumes is not driven by the number of transactions. Decreasing the number of transactions 100% or increasing them 10X doesn't decrease the energy spend 100% nor 10X.

2 comments

If you decrease the number of transactions 100% there would be no need to mine blocks, resulting in an impressive energy savings. :)
Mind you that blocks are mined at regular intervals with or without transactions.
mining activity follows the price.