3 ms·
Following your example of using the most efficient miner available and ignoring heat, size, etc. restrictions: Average cost of electricity for U.S. households
by bduerst 12y ago
Following your example of using the most efficient miner available and ignoring heat, size, etc. restrictions:
Average cost of electricity for U.S. households is $0.12/kWh [0]
0.05 Wh = $0.000006 average cost
Net Profit = $0.0000008801 - $0.000006 = -$0.000005120
Net profit margin = -581.7%
[0] http://www.npr.org/sections/money/2011/10/27/141766341/the-price-of-electricity-in-your-state http://www.npr.org/sections/money/2011/10/27/141766341/the-p...
- aakilfernandes 12y agoThe author states in the article he's more interested in expanding the use of the blockchain as a ledger (as opposed to a store of value).
- bduerst 12y agoWhich is strange given their cost-savings examples using bitcoin mining. This might work for authentication, but they shouldn't sell it as "bitcoin-subsidizing devices for the developing world".
- deleted 12y ago[deleted]