On Wed, Dec 13, 2017 at 10:01:50PM -0500, John Newman wrote: > > > > On Dec 7, 2017, at 9:26 PM, juan <juan....@gmail.com> wrote: > > > > On Thu, 07 Dec 2017 18:10:32 -0800 > > g2s <g...@riseup.net> wrote: > > > > > >> > >> we are still waiting for you to show that you able to > >> calculate Blah blah... From that ars technical link > > > >> However, we can make some educated guesses. For starters, we know the > >> industry's revenue: Bitcoin miners currently generate 75 bitcoins per > >> hour, which, at the current price of around $12,500 per bitcoin, > >> translates to $937,500 per hour, or more than $8 billion per year. > > > > > > hey stupid piece of joo shit, you still don't understand the > > very basics of what you are supposed to calculate? you keep > > copy pasting irrelevant shit? > > > > you are supposed to give an estimate of energy usage. Watts per > > hour. Do you even know what that means? > > > What’s the point in calling Razer a “joo”? He doesn’t call you a beaner. > Is he even a practicing Jew? Does it even matter (answer is no)? It’s such > a lazy, inarticulate expression, it makes you sound exactly like racist trash. > > > Oh and yeah I expect a bunch of “muh white knight” bullshit from the cock.li > cock and probably others. So original, clever and biting, like all his genius > “irreverent nazi” bullshit.
So says the pinnacle of succinctity and US approved propaganda... I do grant that you might be human, and (I'll wash my mouth out later) - I've even agreed with you at least once :D > >> Moreover, the industry is highly competitive, and electricity is one > >> of its biggest costs. So when the price of bitcoins rises, we can > >> expect miners to spend more and more on electricity until electricity > >> costs are roughly on par with revenues. > >> > >> This is the methodology the Digiconomist (link... use it scumbag.) > >> website uses to estimate the Bitcoin network's energy consumption. It > >> assumes that the industry will spend 60 percent of its revenue on > >> electricity and then extrapolates from the current bitcoin price and > >> prevailing electricity prices. It finds that the network is consuming > >> energy at an annual rate of 32TWh. > >> > >> It also assumes that the network takes time to adjust to big price > >> increases like we've seen in recent days. This means that, if Bitcoin > >> stays above $12,000, we can expect this figure to rise further in the > >> coming weeks." Rr > >> > > >