It is more akin to a lottery, with each lottery ticket using some amount of electricity.

…nsactions are processed by miners, individuals and institutions who use expensive hardware to solve very difficult math puzzles. Miners provide security to the network in exchange for inflation and transaction fees. In a PoS bl…

ETH2… For Dummies

1.6K

Chromatic Capital

Tron Black

1 min readAug 26, 2020

It is more akin to a lottery, with each lottery ticket using some amount of electricity. More efficient hardware can make more tries (lottery tickets) per watt.