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0 pointsguelo10y ago0 comments

That paper estimates the bitcoin network's total power consumption at around 117MW. This latest increase is estimated at 40MW. So it is a significant increase.

0 comments

jnbiche10y ago

Not sure how they came up with that estimate, but the miners are getting more and more efficient, so it's not a linear increase.

davidgerard10y ago

No, it's a race to the bottom. The cost of mining 1 BTC will naturally tend to 1 BTC, and we're already circling that.

j / k navigate · click thread line to collapse

0 pointsguelo10y ago0 comments

That paper estimates the bitcoin network's total power consumption at around 117MW. This latest increase is estimated at 40MW. So it is a significant increase.

0 comments

jnbiche10y ago

Not sure how they came up with that estimate, but the miners are getting more and more efficient, so it's not a linear increase.

davidgerard10y ago

No, it's a race to the bottom. The cost of mining 1 BTC will naturally tend to 1 BTC, and we're already circling that.

j / k navigate · click thread line to collapse