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RE: Ever wonder how much electricity one Bitcoin transaction uses?

in #bitcoin7 years ago

Data has to be wrong. Electricity in US is 12 cents per kWH on average. So $25 per BTC transaction for 200 kWHs?

Lets assume that government controlled price of electricity in China was 10X lower. That is still $2.50 per BTC transaction.

Conclusion from this data, if correct - BTC will never be used for routine daily transactions under $20. So it doesn't challenge VISA or MCARD.

As a long term store of value, it may compare to Gold in terms of cost to produce more units and costs for transactions.

Which is fine by me - I never assumed BTC would be a daily currency.

I always assumed it was long-term store of value

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