4 ms·
I haven’t looked at the details of the calculations but one of problems with mining is that mining hardware deprecates and therefor it needs to be used now - in
by throwaway4good 6y ago
I haven’t looked at the details of the calculations but one of problems with mining is that mining hardware deprecates and therefor it needs to be used now - in two years more energy efficient hardware will render it useless.
So the idea of switching it on and off according to energy prices doesn’t really hold.
- throwaway4good 6y agoThe mining hardware made by Bitmain uses the latest high-end fabrication nodes from TSMC. How much TSMC's manufacturing capacity is used by cryptocurrency is unclear; the number is hidden inside the high performance computing segment in TSMC's financial statements. But it is probably a sizeable part.
- wmf 6y agoSince this model is mining with "free" power, it seems like even less efficient hardware could still be used profitably which would extend the depreciation (and reduce e-waste concerns). They might even buy used miners that are considered too inefficient by other companies.