> your coin uses more energy to settle one transaction than a typical South American uses in a year
Do you even know what you're talking about? The energy concerns are real, but please avoid exaggeration to win arguments.
Do you even know what you're talking about? The energy concerns are real, but please avoid exaggeration to win arguments.
>By far the most power-hungry crypto in our study, we found that a single Bitcoin transaction uses an average of 1,173 Kilowatt Hours (kWh). If we consider that the average monthly electricity usage for a UK household is 350 kWh, that’s enough to power the typical UK home for more than three months at a cost of roughly £125 ($173), based on a fixed cost of £0.11 ($0.148) per kWh
>In the U.S, it would equate to roughly 6 weeks of electricity based on an average household electricity usage of 877 kWh per month (U.S Energy Information Administration).
Not quite an entire year, but definitely a number of months.
Also according to digiconomist's latest figures, it's currently at around 1500kWh per transaction. So even worse.