4 ms·
No, OP gave the middle finger to the environment, bitcoin is ambiguous. Nobody really mines using CPUs anymore, they use ASICs which are multiple levels of mag
by GigabyteCoin 13y ago
No, OP gave the middle finger to the environment, bitcoin is ambiguous.
Nobody really mines using CPUs anymore, they use ASICs which are multiple levels of magnitude more efficient.
- x0054 13y agoI disagree. ASICs is far more efficient, for sure, but at best, it's slightly more profitable than the used electricity, because with every new mining technology introduction the difficulty is readjusted to compensate. So, even with current ASICs you might spend $8 worth of electricity and bandwidth to make $10 worth of virtual goods, goods which by them selves have no real world value outside their ability to facilitate trade. So you use $8 worth of real electricity to make the $10 worth of somewhat liquid currency.
- masmullin 13y agoYour values are dramatically off. I myself mine $0.50/day spending $0.04 in electricity, and I live in an extremely costly area for electric. I do not come anywhere near my bandwidth cap so thats a non discussion point.