Also the critical thinkers seem to never have even checked the source of this 600KWh / transaction claim.
If you actually cared to check [0] you would see that this claim is coming from estimating mining revenue and then sending 60% of that revenue to mining costs.
That calculation is actually:
Mining revenue(in USD) * 0.6 / 0.05 / amount of transactions = KWh per transaction
If you actually cared to check [0] you would see that this claim is coming from estimating mining revenue and then sending 60% of that revenue to mining costs. That calculation is actually:
Mining revenue(in USD) * 0.6 / 0.05 / amount of transactions = KWh per transaction
Embarassing!
[0](https://digiconomist.net/bitcoin-energy-consumption#assumpti...)