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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.
by guelo 11y ago
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.
- jnbiche 11y agoNot sure how they came up with that estimate, but the miners are getting more and more efficient, so it's not a linear increase.
- davidgerard 11y agoNo, 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.