2 ms·
Ok well how much conventional economic activity does 50MW create? That 12s of US gas consumption might theoretically generate say 29% of US GDP for 12s, which c
by Tloewald 13y ago
Ok well how much conventional economic activity does 50MW create? That 12s of US gas consumption might theoretically generate say 29% of US GDP for 12s, which comes to $16,000,000 (29% is transportation as a proportion of US energy consumption, US GDP ~ 1.4E+13).
Does that 50MW generate $16M worth of bitcoins per day? In any event, I strongly suspect currency production is one of the overall economies more energy efficient activities given that most currency is created electronically by banks based on a fairly simple set of calculations.