• Mining creates blocks. Transactions depend on blocks. Without the block, the transaction doesn't happen. You can't separate the energy used to create the block from the transactions and say the transaction cost is something else. It's like saying the cost of moving train passengers from London to Edinburgh is just the cost of printing and stamping their ticket.

    Oh, ninja edit on your part, removing the "Why is that bollocks?" bit.

    It’s a shame that’s all you took from it.

    It wasn't. There's more bollocks.

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