The Most Sustainable Cryptocurrency
At SafeCoin people are all about efficiency, period
We believe in global safety and security, we believe everyone has a role in protecting our environment. Safecoin was built from the ground up with energy efficiency in mind. With great performance comes great responsibility. By putting our communities and our environment first, anything is possible.
Energy usage comparison
First of all let's have a look at the energy required for a single network transaction.
SafeCoin greatly appreciates and admires Solana's technology and so the following energy comparison is based upon Solana’s Energy Use Report: March 2022. We also added VISA transaction details for a more relatable real-life comparison.
|A single SafeCoin transaction||0.00000025 kWh||x1||$0.00|
|A single Google Search1||0.0003 kWh||x1,200||$0.00|
|A single Solana transaction11||0.00075194kWh||x3,007.76||$0.00|
|One VISA transaction12||0,0014863||5945,2||$0,00|
|Keeping an LED light bulb on for one hour2||0.01 kWh||x40,000||$0.01|
|Using a fully-charged iPhone 13 on battery3||0.01241 kWh||x49,640||$0.01|
|Working for an hour with a computer and monitor4||0.013 kWh||x52,000||$0.01|
|One eth2 transaction5||0.035 kWh||x140,000||$0.04|
|Watching an hour of television on a 40 inch+ LCD TV4||0.15 kWh||x600,000||$0.15|
|Playing one hour of a PlayStation 5 game6||0.1969 kWh||x787,600||$0.20|
|Running a refrigerator for one hour4||0.225 kWh||x900,000||$0.23|
|One hour of central air conditioning4||3.5 kWh||x14,000,000||$3.50|
|Using one gallon of gasoline7||33.7 kWh||x134,800,000||$33.70|
|One Ethereum transaction8||192.45 kWh||x769,800,000||$192.45|
|One Bitcoin transaction9||1483.91kWh||x5,935,640,000||$1,483.91|
Have you ever been involved in blockchain energy consumption discussions? Bitcoin and Ethereum are usually the main subjects, however it can be hard for one to wrap their head around the actual cost to power these blockchains. So, at your next dinner party you can mention some of these fun facts based upon our measurements.
with a single battery
A regular AA Battery with 0.00444 kWh (2.96Ah with 1.5V) capacity could power 17,760 SafeCoin transactions, almost 6 Solana transactions, and 3 VISA transactions. Yet, for a single Bitcoin transaction, one would need at least 334,213 batteries.
Moving money globally
The 232.5 billion VISA transactions per year equate to more than $2.7 billion USD in costs at the average price of Electricity for industrial usage in the US (7.83$/kWh). With SafeCoin, this would only cost $455 million per year while with Bitcoin, one would need 12x the world's total electricity consumption to acheive this.
of CO2 Emissions
Assuming the equivalent of 0.85 pounds of CO2 emissions per kWh (eia.gov), yearly VISA transactions contribute to about 146 million metric tons of greenhouse gas emissions – equal to the 2020 traffic sector in Germany. By using SafeCoin, one could reduce CO2 emissions by more than 98%!
Initial Mainnet Benchmarking, 07.2022
Metering setup: How do we measure?
Running between 2000-3000 TPS at an average of 2800 TPS and measuring the power draw from a validator supporting the network. The average power during the test was determined to be approximately 56W. Solana's network runs at an average of 2000 TPS and has a baseline power draw of 1000W. From the initial tests, we can confirm SafeCoin has an energy efficiency of approximately 0.00000025 kWh/txn compared to Solana at 0.000752 kWh/txn. This makes SafeCoin the world's most energy efficient blockchain.
A quick basic rundown from our first test (much more data is coming):
Watts - W | Joules - J | Transaction - TXN | Transactions per second - TPS | Kilowatt-hour - kWh
56 W = 56 J/s
(56 J/s) / 2800 TPS = 0.02 J/TXN per validator
Our network currently consists of 45 active validators, so:
45 validators * 0.02 J/TXN per validator = 0.9 J/TXN for the entire SafeCoin network.**
1 kWh = 3600000 J
(0.9J/TXN) / (3600000 J/kWh) = 0.00000025 kWh/TXN
**Note: These tests were conducted on an inefficient desktop whereas most of the active validators supporting the network run on servers which would likely reduce the energy consumptions even further.
1. “Did You Know .... It Takes 0.0003 KWh per Google Search (and More!).” Chipkin Automation Systems, https://store.chipkin.com/articles/did-you-know-it-takes-00003-kwh-per-google-search-and-more
2. Bradford, Alina. “How to Choose the Right Led Light Bulb.” CNET, CNET, 4 Dec. 2018, https://www.cnet.com/home/energy-and-utilities/watts-vs-lumens-how-to-choose-the-right-led-light-bulb/
3. Smith, Chris. “IPhone 13 Battery Sizes Revealed for All Four Models.” BGR, 16 Sept. 2021, https://bgr.com/tech/iphone-13-battery-size-data-revealed-for-all-four-models/
4. “Default Energy Consumption of MELs.” Home Energy Saver & Score: Engineering Documentation, Lawrence Berkeley National Laboratory, http://hes-documentation.lbl.gov/calculation-methodology/calculation-of-energy-consumption/major-appliances/miscellaneous-equipment-energy-consumption/default-energy-consumption-of-mels
5. “A Country's Worth of Power, No More!” Ethereum Foundation Blog, https://blog.ethereum.org/2021/05/18/country-power-no-more/
6. “Energy Efficiency.” PlayStation, Sony Interactive Entertainment Europe Limited, https://www.playstation.com/en-gb/legal/ecodesign/
7. “What Is Kwh per 100 Miles?” J.D. Power, https://www.jdpower.com/cars/shopping-guides/what-is-kwh-per-100-miles
8. “Ethereum Energy Consumption Index.” Digiconomist, 3 Sept. 2021, https://digiconomist.net/ethereum-energy-consumption/
9. “Bitcoin Energy Consumption Index.” Digiconomist, 22 July. 2021, https://digiconomist.net/bitcoin-energy-consumption
10. “Electric Power Monthly” U.S. Energy Information Administration (EIA), 22 July. 2022, Values for July, https://www.eia.gov/electricity/monthly/epm_table_grapher.php?t=epmt_5_6_a
11. “Solana’s Energy Use Report: March 2022” solana.com, 22 July. 2022, https://solana.com/de/news/solanas-energy-use-report-march-2022
12. “Bitcoin average energy consumption per transaction compared to that of VISA as of April 25, 2022” Statista, Inc., 22 July. 2022, https://www.statista.com/statistics/881541/bitcoin-energy-consumption-transaction-comparison-visa/