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by runeks
1979 days ago
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Bitcoin mining on a block secures not just this block's transactions, but the transactions in all previous blocks as well. For each block that is added to the blockchain more transactions are secured by the following blocks. Consequently, these "power usage per transaction"-figures are misleading. |
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The power consumption does not depend on the block size.
Securing blocks has a cost that is independent of the block size. Bitcoin Cash is a good example.
I also find it interesting that Bitcoin Cash is not as prone to deflation which means that in theory you could actually use it as money. It never caught on so it is effectively dead though. It's best to forget about it.