|
|
|
|
|
by NikolaNovak
1900 days ago
|
|
I appreciate the response but we may disagree as to what is the summary / "long story short". My "long story short" question is: over time, has Bitcoin effective energy per transaction gone up or down? Not theory, not what nebulous public policy changes should happen to justify the energy mix, not what we think may might need to happen et cetera et cetera. Is the energy cost per transaction in real world for bitcoin going up or down? (in principle calculated by "energy used for bitcoin system in total divided by number of transactions executed per some unit of time"). Everything else is trying to muddy it up from my personal perspective. |
|
Energy is expended to secure the network as a whole and not for the transfer of coins.
But if you insist on computing such a metric with only limited applicability, the answer is: Yes, the metric goes up:
Estimated power consumption per day, 2020-2021 +5%:
Estimated number of onchain transactions per day, 2020-2021: +6%: And this doesn't even include all the hidden private transactions that occur off-chain on Layer 2 solutions like the Lightning Network:Number of nodes on the Lightning Network, 2020-2021 +60%:
Capacity of the Lightning Network, 2020-2021 +430%: