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«But estimates by independent researchers suggest it’s around 500 megawatts» My work is starting to pay off. This author appears to have used estimates coming
by mrb 9y ago
«But estimates by independent researchers suggest it’s around 500 megawatts»
My work is starting to pay off. This author appears to have used estimates coming from my research: 470-540 MW as of 26 February 2017.¹ Sometimes people stumble upon and blindly trust the flawed estimate published by digiconomist of ~2000 MW.²
¹http://blog.zorinaq.com/bitcoin-electricity-consumption/ http://blog.zorinaq.com/bitcoin-electricity-consumption/
²http://blog.zorinaq.com/serious-faults-in-beci/ http://blog.zorinaq.com/serious-faults-in-beci/
- antisthenes 9y agoI absolutely love your blog and have used it many times to show that Bitcoin is much less wasteful than people think it is, mostly due to obsolete miners no longer being used. The data and graphs are very well presented.
- mrb 9y agoThank you! I did put a lot of effort into it, eg. my energy estimate research represents 30-40 hours of work.