4 ms·
I like putting it another way: 125.96 terawatt-hours at 11 cents per Kwh (my local rate which is quite a bit higher than many places mining happens) is about $1
by Jach 5y ago
I like putting it another way: 125.96 terawatt-hours at 11 cents per Kwh (my local rate which is quite a bit higher than many places mining happens) is about $13.8 billion. This is much less than what the world spent on toothpaste in a year ($30bn), isn't much more than Americans spent on Halloween ($10bn), cigarette companies spent on US marketing ($8bn, with much more than that being how much American spent on cigarettes), and is only about 10x more than a single banking player (Bank of America) spends on cybersecurity per year. Do any of these figures seem as absurd to you?
- danlugo92 5y agoBTC bad. Giant faceless banks in bed with the government good. You dind't get the memo when you signed up?