"Bitcoin's energy costs stand in stark contrast to payment systems that have the luxury of working with trusted counterparties. E.g. Visa takes about 0.01kWh (10Wh) per transaction which is 20000 times less energy," Brosens notes, pointing to the chart below:
@reported has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.
To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo To receive an reSteem send 0.75 SBD to @minnowpond with your posts url as the memo To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memo
This post received a 4.66% upvote from @randowhale thanks to @discernente! To learn more, check out @randowhale 101 - Everything You Need to Know!
This post has received a 25.00 % upvote from @steemdiffuser thanks to: @discernente. Steem on my friend!
Get Upvotes, Join Our Trail, or Delegate Some SP
This post has received a 1.04 % upvote from @drotto thanks to: @discernente.
This post has been verified as a quality post and received a 16.67 % upvote from @binkley thanks to: @discernente. . Please Upvote My Comment To Help Me Verify More Posts.
This wonderful post has received a bellyrub 0.65 % upvote from @bellyrub thanks to this cool cat: @discernente. My pops @zeartul is one of your top steemit witness, if you like my bellyrubs please go vote for him, if you love what he is doing vote for this comment as well.
This post has received a 11.51 % upvote from @upgoater thanks to: @discernente.
This post has received a 1.65 % upvote from @buildawhale thanks to: @discernente. Send at least 0.50 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.
To support our curation initiative, please vote on my owner, @themarkymark, as a Steem Witness
This post has received a 5.26 % upvote from thanks to: @discernente.
For more information, click here!
This post has received a 0.66 % upvote from @boomerang thanks to: @discernente
@boomerang distributes 100% of the SBD and up to 80% of the Curation Rewards to STEEM POWER Delegators. If you want to bid for votes or want to delegate SP please read the @boomerang whitepaper.
This post has received a 3.33 % upvote from @nettybot thanks to: @discernente.
Send 0.100 SBD to @nettybot with a post link in the memo field to bid on the next vote.
Oh, and be sure to vote for my owner, @netuoso, as Steem Witness
Have a great day!
There is something wrong in the calculation. 200KWH may be the cost of one mining a block. One block can have hundreds of transactions and hence the cost is divided among all these transactions.
Hence the calculation of 200KWH for ONE transaction appears to be incorrect.
If that being the case, how will miners allow a transaction at such a low cost.
There is something fishy here.