Post
Topic
Board Development & Technical Discussion
Re: Is there any research being done to make the blockchain less energy consuming?
by
Kakmakr
on 16/11/2017, 07:04:54 UTC


You haven't explained why energy consumption is such a problem for you.


because i have a consciousness and many hesitant adopters too

because economically  btc transactions cost way more in electricity than their fees and btc owners pay them all indirectly

sorry I thought all these were obvious

Many of these "hesitant adopters" are being brainwashed by mainstream media. Have they ever considered how much electricity are being used by PayPal or Credit card companies and even Banks, compared to Bitcoin. Here we are not just talking about the electricity to hash or process the transactions.

These companies will quickly respond to media queries and tell them that their mainframes are only using a fraction of the processing power than what BTC is using, but they do not include the hidden "operating" cost. They have several offices and these offices have air-conditioning and lightning and lifts and coffee machines and photo copiers and printers and computers and I can go on and on.  < Compare that to some of these mining farms, where they have one or two buildings with 3 to 5 people running the operation >

If you want to compare, then you have to compare Apples with Apples. ^smile^