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I haven't studied it, but the general compaint seems to be it takes a fair amount of power to run the computers to generate coins, validate transactions. (enoug
by acomjean 9y ago
I haven't studied it, but the general compaint seems to be it takes a fair amount of power to run the computers to generate coins, validate transactions. (enough to power over 1,000,000 american homes, by some accounts[1]) China has some of there mines near hydropower (the cheapest power source).
[1] https://blockgeeks.com/bitcoins-energy-consumption/ https://blockgeeks.com/bitcoins-energy-consumption/
https://motherboard.vice.com/en_us/article/qkvxk3/chinas-biggest-secret-bitcoin-mine https://motherboard.vice.com/en_us/article/qkvxk3/chinas-big...
https://qz.com/1026605/photos-chinas-bitcoin-mines-and-miners/ https://qz.com/1026605/photos-chinas-bitcoin-mines-and-miner...
- matthuggins 9y agoYou should check out NEO.
- zipwitch 9y agoNear Earth Orbit? How feasible is launching a constellation of bitcoin-mining microsats that will run on solar power?