gus@beehaw.orgtoTechnology@beehaw.org•Each Bitcoin transaction uses 4,200 gallons of water — enough to fill a swimming pool — and could potentially cause freshwater shortages
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11 months agoThe reward for mining a block is over a quarter of a million dollars these days. $250k / 4k transactions = apx $62.50 per transaction. Around $8 is from the transaction fee from the sender, the other $54 is from the block reward minted out of thin air.
It’s especially disappointing given the mission statement of beehaw. You know, the one they require every user to read when signing up and write a statement about?