The amount of electricity it takes to process ONE bitcoin transaction is enough to power an average home for a month...

The amount of electricity it takes to process ONE bitcoin transaction is enough to power an average home for a month. Why are you not concerned with the high energy consumption of crypto, especially as the block chain grows?

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bitcoin is a shitcoin. xvg is teh future

...

But user I am.

Well that’s the price you’re paying for security. The higher the mining costs, the more secure the network.

Anyhow I think PoS coins will eventually take over everyday transactions because of this; PoW will stay around for the heavylifting.

i bought solarcoin

so

>The higher the mining costs, the more secure the network.
LOL. look at bitcoin. thousands of unconfirmed transactions. a few chinese mining farms can literally prevent everyone from making any transaction. there's nothing scure about this. it is pure centralization, at this point.

>reminder

These are charts showing a correlation between the difficulty adjustment algorithms of BCH and BTC, coupled with their correlation between the bitcoin mempool / chain throughput, coupled with their correlation and sensitivity to the BCH price.

The BCH DAA adjusts every ten minutes to ensure a ten minute block time.

The BTC DAA adjusts every 2016 blocks for the same.

If the price of BTC dips, BCH steals miners.

If the price of BCH rises, BCH steals miners.

If the price of BTC rises, BCH difficulty goes lower and maintains miners.

If the price of BCH falls, BCH difficulty goes lower and maintains miners.

Simply put; there is only a single pool of rivalrous SHA256 hashing capacity and BCH is competing for it with BTC, but BCH is able to amend its bids once every ten minutes, and BTC is only able to amend its bids after 2016 blocks.

This situation has already led to a 20% increase in the time between the previous and next BTC difficulty adjustment.

Any price activity not favourable to BTC makes this number go higher.

Any price activity not favourable to BTC decreases the total throughput of the BTC chain (1mb block / 10 minutes = 14kbps throughput vs 1mb block / 20 minutes = 7kbps throughput) this leads to BTC being an obviously worse blockchain. Fees go up, confirmation times increase as well as the total throughput of the chain decreasing. People notice this and the price goes down, it gets worse. People notice it got worse and the price goes down more, it gets worse.

Worst case scenario, the BTC chain is effectively permanently frozen, with inadequate hashing power to mine blocks and a difficulty adjustment pushed far into the distant time horizon to compensate.

By "secure" in this case I was talking about how costly it is to reverse a tx once it has been confirmed on the chain.
Miner centralization and all is a completely different topic; obviously mining activity will always be "centralized" in the areas where electricity is the cheapest / mining is most efficient.

Buy ETH. It's going to POS next year. Even if the founders are racists and pedos.