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Not true. Since using more electricity costs more money, bitcoin miners have an incentive to use less electricity. Their incentives are to maximize hashes/s/wat
by yafujifide 13y ago
Not true. Since using more electricity costs more money, bitcoin miners have an incentive to use less electricity. Their incentives are to maximize hashes/s/watt.
- wmf 13y agoGiven that energy efficiency is mostly a function of the underlying silicon, miners don't have much control over it (especially once everyone has converged on 28 nm).
- Dylan16807 13y ago> /s/watt Well that's one way of writing /joule, I suppose.
- maxerickson 13y agoThis is true, but the reward is currently far larger than the electrical consumption, so mining is currently mostly a contest to bring more hardware online. (kicking CPUs and GPUs out of the contest probably did a lot to lower power consumption, but I wonder if the growth of the network has overshadowed that)