Home Finance News IOTA Energy Bench Marks are Worth Noting 1 cup of coffee = 22,000 IOTA Messages/Transactions

IOTA Energy Bench Marks are Worth Noting 1 cup of coffee = 22,000 IOTA Messages/Transactions

IOTA energy

The IOTA Blog states, “In our tests, a Raspberry Pi 4 node uses just over a millionth of a kWh per IOTA message/transaction, including proof-of-work costs.  For comparison, making one mug of coffee in a single-serve machine uses about .024 kWh (nearly 22,000 times as much energy).”

The blog points to how at IOTA, they place emphasis on low energy requirements and green use cases.

They cite the following use cases:

“Digitizing measurement, reporting and verification of sustainability performance (Digital MRV) in Chile, funded by the Canadian government.

Tracing the path of energy from production in solar panels to consumption in electric vehicles in Trondheim, Norway, with Jaguar Land Rover, Engie Lab Crigen & Entra ASA.

Improving efficiency in the supply chain and allow goods to travel more freely across borders, with Zebra Technologies.

Reducing supply chain friction from Kenya to the Netherlands, speeding up goods transfer and reducing waste of fresh produce, with Trademark East Africa.

The recent Chrysalis upgrade further removes inefficient aspects in the protocol thus improving energy efficiency. Despite all this, Foundation has not been posting any energy efficiency figures publicly, because measurement is very complex and nuanced. Also, the figures might also differ considering the network Toplogy and the load.

The blog states:  “Given the recent interest in this topic and in response to community requests, we have decided to publish our internal metrics, gathered during Chrysalis development.”

Looks like even IOTA woke up to Elon Musk side effects.

They have given ball park figures:

“IOTA is meant to be lightweight and a Hornet node will be able to run on low-power devices like Raspberry Pis.

If a Raspberry Pi 4 node is not performing remote Proof-of-Work, then the energy requirement will be as low as 1.18 milli Joules per transaction / message at 100 messages per second (MPS). This equates to 3.28×10−10

They have to state that the reduction in energy consumption due to the Chrysalis upgrade (in different testing scenarios) is between 33% and 95%.”

Otherwise, IOTA reports that the Tangle-based NFT platform will be made available for everyone to test at the end of June. Important to note:  IOTA is not a blockchain. There are no miners. There are no fees. The new IOTA network is now 60% more energy-efficient than before. IOTA is fundamentally different. Feeless, sustainable and future-proof.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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