Water used for power and maintenance of Bitcoin servers adds more environmental issues.
  • GenderNeutralBro@lemmy.sdf.orgEnglish
    4·
    10 months ago

    It seems I have fundamentally misunderstood how bitcoin mining works. Thanks for the correction.

    I’m having a hard time wrapping my head around this. If the marginal energy cost of a transaction is 744kWh, shouldn’t the transaction fees be astronomical?

    • EinfachUnersetzlich@lemm.ee
      2·
      10 months ago

      Yeah, at current electricity prices where I live that would be just under £300,000 per transaction. Doesn’t seem right.