Comment on Over 2 percent of the US’s electricity generation now goes to bitcoin

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Sanyanov@lemmy.world ⁨10⁩ ⁨months⁩ ago

Mining is barely transactional in nature. Pretty much all of it is calculating hashes, which, on one hand, is super important as part of Proof-of-Work consensus, the most decentralized one we have, but on the other we have other reasonably secure options that waste two orders of magnitude less power.

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