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 agoSwamp coolers.
Fans blow over water to lower the pressure, causing evaporation to occur at room temperature.
Evaporating water absorbs heat from its surroundings without raising the water’s temperature as it undergoes a phase change. It absorbs nearly 20 times more heat than it would from being heated from 50 degrees F to 100 degrees.
The 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.