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RE: Gridcoin Giveaway for Usage on Gridcoin-Booster
Is it possible to calculate how much energy is used for a single Gridcoin transaction? I've read that for Proof-of-Work coins like Bitcoin, it's enough to power a typical First World household for a few days. I imagine that Gridcoin uses less since it is based on Proof-of-Stake, but am not clear on the numbers.
Does the act of sending 2 GRC use more than $0.07 worth of electricity? (Yes, I know that electric costs vary widely, but I'm just looking for a rough estimate.)
You would have to work out the rough cost of running the wallet for the length of time between transactions. Because we are proof of stake, the CPU cost of running the wallet is quite low (single digit % CPU) but since we don't have a massive amount of transactions on the chain, the 24 hour cost of running your wallet divided by the number of txs might be higher. I could come up with a reasonable estimation if you'd like, but it's certainly nowhere near 7 cents worth of electricity for 1 tx.