4 ms·
> The numbers and dates provided in this article, which are not really possible to actually know, are at odds with hash rate data which is easy to observe. Not
by yellowapple 4y ago
> The numbers and dates provided in this article, which are not really possible to actually know, are at odds with hash rate data which is easy to observe.
Not necessarily. The lower BTC and ETH prices would pressure miners to clamp down even further on energy expenditure per hash, pushing energy use down even as hashrates hover around ATHs. You'd think miners were already minimizing energy per hash, but during a boom cycle it's arguably easier to get away with a bit more inefficiency than in a bust cycle.
- Canada 4y agoHow could the hash rate remain high while consuming less power? The only way that can happen is more power efficient hardware has come online at scale without fanfare. If existing hardware had to be physically moved I would expect a far more significant plunge in hash rate to be observed.
- yellowapple 4y ago> The only way that can happen is more power efficient hardware has come online at scale without fanfare. Or less power efficient hardware got phased out due to the lower profit margins.
- Canada 4y agoYes, true, there could have been some old hardware that was worth using at very high prices, and is now unprofitable so it's off. For certain there is some of that. Still, I'm surprised the drop isn't more pronounced... like how it looked in 2018