Coin Carbon Cap – PoW cryptocurrencies ranked by energy efficiency
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Coin Carbon Cap – PoW cryptocurrencies ranked by energy efficiency
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Re: Coin Carbon Cap – PoW cryptocurrencies ranked by energy efficiency
#2This is dumb. The transaction confirmations are not equivalent between chains.
Re: Coin Carbon Cap – PoW cryptocurrencies ranked by energy efficiency
#3Cool chart!
Interesting to see how much of an outlier Bitcoin is.
The middle tier currencies in this list (USDC, USDT, etc) are built on Ethereum, so once Ethereum finishes its switch over to proof-of-stake, both they and Ethereum will drop down to almost nothing in terms of power used per transaction.
Re: Coin Carbon Cap – PoW cryptocurrencies ranked by energy efficiency
#4This is a solid idea, but needs more currencies like Cardano and Polkadot that claim energy efficiency as their strength
Re: Coin Carbon Cap – PoW cryptocurrencies ranked by energy efficiency
#5Cool chart! Interesting to see how much of an outlier Bitcoin is. The middle tier currencies in this list (USDC, USDT, etc) are built on Ethereum, so once Ethereum finishes its switch over to proof-of-stake, both they and Ethereum will drop down to almost nothing in terms of power used per transaction.
> so once Ethereum finishes its switch over to proof-of-stake
Isn't there a lot of uncertainty as to how well proof-of-stake will work?
Re: Coin Carbon Cap – PoW cryptocurrencies ranked by energy efficiency
#6This is a solid idea, but needs more currencies like Cardano and Polkadot that claim energy efficiency as their strength
Wouldn't it be harder to evaluate in PoS-based cryptocurrencies?
Re: Coin Carbon Cap – PoW cryptocurrencies ranked by energy efficiency
#7Mildly off topic question:
If one had Bitcoin in an exchange instead of an offline wallet, does that mean that when forks occur, the exchange does not give you coins in the fork?
Also, what about PoS coins? Aren't those vastly more efficient than any of these?
Re: Coin Carbon Cap – PoW cryptocurrencies ranked by energy efficiency
#8Cool chart! Interesting to see how much of an outlier Bitcoin is. The middle tier currencies in this list (USDC, USDT, etc) are built on Ethereum, so once Ethereum finishes its switch over to proof-of-stake, both they and Ethereum will drop down to almost nothing in terms of power used per transaction.
Am I reading something wrong?
To me, it looks like it is saying that Bitcoin uses 830kWh and Ethereum uses almost 38 times that.
Considering >1% of the world's energy is used by Bitcoin - it seems virtually impossible for Ethereum to use 38x more energy...
Re: Coin Carbon Cap – PoW cryptocurrencies ranked by energy efficiency
#9There's a [dead] comment that brings up a good point, so I'll repost it here.
https://news.ycombinator.com/item?id=27176459
> This is dumb. The transaction confirmations are not equivalent between chains.
Specifically, if there were two identical cryptocurrencies that only differ by difficulty (eg. coin A with difficulty of 1 and coin B with difficulty of 10), the coin with the lower difficulty might be 10x more efficient, but also 10x easier to rewrite. For proof of stake coins, it's essentially "free" if you can get enough people on board (since you won't be penalized, only the losing chain would be).
Re: Coin Carbon Cap – PoW cryptocurrencies ranked by energy efficiency
#10Cool chart! Interesting to see how much of an outlier Bitcoin is. The middle tier currencies in this list (USDC, USDT, etc) are built on Ethereum, so once Ethereum finishes its switch over to proof-of-stake, both they and Ethereum will drop down to almost nothing in terms of power used per transaction.
Am I reading something wrong? To me, it looks like it is saying that Bitcoin uses 830kWh and Ethereum uses almost 38 times that. Considering >1% of the world's energy is used by Bitcoin - it seems virtually impossible for Ethereum to use 38x more energy...
Bitcoin SV != Bitcoin. SV is a Bitcoin fork. Bitcoin is at the bottom of the list