Quote from: Kyraishi on November 10, 2019, 07:58:14 PM

Not sure if I believe the statistics here to be honest, not really sure if bitcoin transactions take up that much electricity, seems quite a bit exaggerated to be honest.

I'll do the napkin math for you.

Every day 144 blocks are mined, every block rewards the miner 12.5 + 0.1555 BTC. So every day 1822,392 BTC (= $16,4 million) is given to miners (on average). If you assume for every BTC a miner mines he pays 0.5 BTC in electricity (not sure how accurate this is, just estimating) than that would mean $8,2 million spent on electricity daily. If we assume an electricity cost of $0.06/kWh that comes down to ~~273.3~~ 136.6 million kWh daily. If we consider 300,000 txs per day we get roughly ~~910~~ 455 kWh per tx. Which is what the average US household consumes per ~~month~~ 15 days . ~~So that's even worse than what the original post said.~~

Again this is really rough napkin math, if you want more accurate estimations, go to the link I put in the OP, it is way more accurate :p

EDIT: Thanks Mike Mayor for correcting my math Grin

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