this post was submitted on 11 Nov 2024
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Mildly Infuriating

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Yes, believable, from all the payment methods available, Greenpeace would choose the most fucking inefficient one, that wastes 700 kWh for a single transaction, that's 100 households!

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[โ€“] Magnetic_dud@discuss.tchncs.de 3 points 3 days ago (1 children)

please explain how to transfer bitcoin without mining a block, since the transactions are contained there.

You need to take the energy required to mine a block and validate it (a lot, could power a small town), then divide for the few transactions that could be included in just 1 mb.

They impose a size limit on the transactions that can be included, so even if tomorrow the transactions increase 10x, each block could contain the same limited number. Of course, if you only count the electricity used by your machine to send the transaction, it's just a few milliwatts. The problem is all the garbage calculations that need to be done to actually validate it.

[โ€“] PlantDadManGuy@lemmy.world 1 points 21 hours ago

You're arguing in bad faith and I'm not going to put up with your stupid straw man. Your statement was that it requires 700 kilowatt hours for a single transaction and that is blatantly false. You seem to ignore the obvious fact that Bitcoin can be transferred unlimited number of times and you do not have to re-mine the Bitcoin every single time you transfer it. As I said earlier, I already agree with you that Bitcoin sucks and you're wasting your time arguing with me over semantics.