> you could smelt it into a bar at a high initial energy cost, but after that, t... | Hacker News

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		jacquesm on May 17, 2018 \| parent \| context \| favorite \| on: New study quantifies Bitcoin’s ludicrous energy co... > you could smelt it into a bar at a high initial energy cost, but after that, transferring it is free. How is it free after the initial smelting to transfer? Moving physical gold around is very expensive.

granshaw on May 17, 2018 [–]

Exactly. Plus you need to factor in the exploration, mining, and extraction costs too

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