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At current energy consumption rates for average mining equipment, it took 2.4 million terrawatts to mine Elon Musk's $1.5 billion in Bitcoin. Pretty sure that s
by nexthash 6y ago
At current energy consumption rates for average mining equipment, it took 2.4 million terrawatts to mine Elon Musk's $1.5 billion in Bitcoin. Pretty sure that such horrendous energy consumption would be better used elsewhere, such as keeping the lights on in people's homes.
- craftinator 6y agoSource for electricity cost of $1.5 billion in bitcoin? I've seen a whole lot of anecdote, but no credible calculations, references, or studies.