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Miners use energy for their ASICs and whatever else the algorithms of the coins need. We are seeing innovations in chips. I can imagine there is or will be inno
by andirk 8y ago
Miners use energy for their ASICs and whatever else the algorithms of the coins need. We are seeing innovations in chips. I can imagine there is or will be innovation in decreasing energy usage of said chips. For example, a chip that can't melt doesn't have a cooling cost. But a global solution to cheaper and cleaner energy is probably the #1 way to rule the world if you can figure out how.
- sparkie 8y agoChips will get better, but we're approaching the limit of Moore's Law in terms of shrinking them to get the exponential gains we've seen over the past half century. The improvements in Hash/W are going to continue to slow until they're not worth the additional cost to fabricate. (Unless some radically new transistor technologies arise) My assumptions about the cost of mining were assuming that one can count the cost of the mining chip as negligible, which is certainly not the case now, but I believe will be the case in future as the chips get much cheaper, much more abundant and the period between iterations of the chips increases. Industrial miners will use the most efficient chips on the market, but their primary cost will be the electricity.