4 ms·
As I write this comment, the Digiconomist estimates for the Bitcoin network is 129.74 TWh The Cambridge University estimate for the Bitcoin network is 92.93 TW
by PragmaticPulp 4y ago
As I write this comment, the Digiconomist estimates for the Bitcoin network is 129.74 TWh
The Cambridge University estimate for the Bitcoin network is 92.93 TWh with a lower bound of 51.01 TWh and an upper bound of 153.61 TWh. (I don't see an Ethereum comparison on the Cambridge site, so I can't check those numbers)
Given that the Digiconomist estimate is within the bounds of the Cambridge estimate, I don't see how this is really a debunking. I'm not really inclined to put too much faith into an article from "Bitcoin Magazine" on the topic when a quick look at the numbers shows that the two primary sources don't really disagree and have similar estimates.
- JohnJamesRambo 4y agoGive them their semantic difference, it’s all Bitcoin maxis have had to fight the absurd numbers for a while.
- jonathan-adly 4y agoCNBC is better? https://www.cnbc.com/2017/12/21/no-bitcoin-is-likely-not-going-to-consume-all-the-worlds-energy-in-2020.html https://www.cnbc.com/2017/12/21/no-bitcoin-is-likely-not-goi...
- lottin 4y agoI was expecting something a little more academic.