Lee Duna ( throws_lemy@lemmy.nz ) to TechnologyEnglish · 3 years agoEach Bitcoin transaction uses 4,200 gallons of water — enough to fill a swimming pool — and could potentially cause freshwater shortageswww.tomshardware.comexternal-linkmessage-square105linkfedilinkarrow-up1202
arrow-up1202external-linkEach Bitcoin transaction uses 4,200 gallons of water — enough to fill a swimming pool — and could potentially cause freshwater shortageswww.tomshardware.comLee Duna ( throws_lemy@lemmy.nz ) to TechnologyEnglish · 3 years agomessage-square105linkfedilink
minus-squareBCsven ( BCsven@lemmy.ca ) linkfedilinkarrow-up1·3 years agoSo mining is the bulk cost not the transactions. because my last bitcoin fee was like $10 or something
minus-squareFaceDeer ( FaceDeer@kbin.social ) linkfedilinkarrow-up2·3 years agoYes. If you’re wanting to know how many resources mining a transaction takes, that’s the value you need to look at. The block reward effectively goes into subsidizing the transaction fees that are being paid.
So mining is the bulk cost not the transactions. because my last bitcoin fee was like $10 or something
Yes. If you’re wanting to know how many resources mining a transaction takes, that’s the value you need to look at. The block reward effectively goes into subsidizing the transaction fees that are being paid.