Post AhDs13Cdf8MjWqLMO0 by tkinias@historians.social
 (DIR) More posts by tkinias@historians.social
 (DIR) Post #AhDs13Cdf8MjWqLMO0 by tkinias@historians.social
       2024-04-16T23:15:51Z
       
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       I just read that a single Bitcoin transaction requires upwards of 1,000 kW-hr of electricity.That’s like running a small air conditioner 24/7 for a month and a half.Edit: This got way more attention than I expected from an offhand remark; I guess it hit a nerve on here! But I’m going to have to mute this, as it’s taken over my notifications...
       
 (DIR) Post #AhDs13zYjFUtyZEQdc by jeffcliff@shitposter.world
       2024-04-17T05:28:23.052339Z
       
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       @tkinias This is not really true.  >That’s like running a small air conditioner 24/7 for a month and a half.it's closer to a block heater overnight.and here's the thingboth the block heater and the bitcoin miner generate heat - there's no reason why your car isn't mining you bitcoin (or if you don't live in a place that has block heaters, substitute 'oven' or 'furnace' for the same).  But instead of doing something useful while it heats your car, your block heater, if you have one, does nothing.  It just wastes power.  Same with your furnace.  Same with your haid drier, and toaster.
       
 (DIR) Post #AhDs14obfSKYWt7CCm by jeffcliff@shitposter.world
       2024-04-24T19:19:37.072708Z
       
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       @tkinias i thought about this some more and i think that the numbers are totally whackit's like trying to analyze a circuit without believing that capacitors existthe better way to measure it would be  1,000 kW-hr (being generous) /3.25 * tx fee which is about what 13 sats/B for a 512B tx1e-8 * 512 * 13 * 1000 kWh / 3.25 or about 20 Whagaina block heater for ...a brief period of time.