Post
Topic
Board Development & Technical Discussion
Re: A useful PoW without replacing Nakamoto Consensus
by
oryhp
on 05/12/2022, 18:15:24 UTC


Sorry but you've still got this all wrong. Again, number of transactions has no relation to the amount of energy used for mining. There is zero relationship there.

Let's say a block can accept exactly 1000 transactions. Imagine we have two forks Bitcoin1 and Bitcoin2 both of which are valued at $10 per coin and have the same supply.

Bitcoin1 has blocks with a single transaction along with a coinbase output.
Bitcoin2 has blocks with 1000 transactions all paying the minimum fee to cover their transaction size.

Which one do you think secures more energy per block?