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by gruez
1996 days ago
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>[...] he thinks of the blockchain as an efficient payment network. It's not. Just look at the electricity expenses that are going into making transactions on the blockchain possible. Right now the network is consuming as much energy as the country Ireland? It's inefficient, but not because mining uses a lot of energy. From a transaction point of view, the energy spent on mining is a sunk cost. It's the same whether a block has 1 transaction or 10000 transactions. |
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