Bitcoin Mining: Key Stat Exposes Ridiculous Energy Consumption FUD

2019-4-15 22:00

By CCN: Antoine Le Calvez, a researcher for CoinMetrics, set out to determine how Bitcoin’s environmental impact compares to that of the auto industry. His striking conclusion? US vehicles consume roughly the same amount of energy in three days as Bitcoin has consumed in its entire existence.

The figure converts the energy used to propel cars and the amount of oil required (reportedly 1. 3 million tons per day) to the amount of energy used to mine Bitcoin over the past ten years. 1790635332537685941996748800 hashes computed by S9 miners ~= 1. 75 e17 joules ~= 4. 2M tons of oil. US cars consume

The post Bitcoin Mining: Key Stat Exposes Ridiculous Energy Consumption FUD appeared first on CCN

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Источник: ccn.com

energy bitcoin → Результатов: 126


Bitcoin Energy Consumption Exaggerated says Energy Researcher

In Jan 2018, an independent article was published online which shows the different energy consumptions associated with Bitcoin mining with regards to different destinations. From the published article, it was seen that bitcoin miners in Venezuela will maximize cost as it was the country with the cheapest energy consumption for bitcoin mining, which stood below […] The post Bitcoin Energy Consumption Exaggerated says Energy Researcher appeared first on ZyCrypto.

2018-8-21 16:43


Фото:

Bitcoin Energy Consumption Could Drive Innovation, Says Research Associate

Bitcoin (BTC)–By now, most within and outside of the industry of cryptocurrency are familiar with the narrative surrounding Bitcoin energy usage. The argument goes that as Bitcoin becomes a more popular choice in terms of digital currency, the increase of miners looking to capitalize on transaction fees and reward payouts will increase, thereby also raising […] The post Bitcoin Energy Consumption Could Drive Innovation, Says Research Associate appeared first on Ethereum World News.

2018-8-21 04:14


Research Associate: Conversations Around Bitcoin and Energy Have Been Oversimplified

In the almost decade long existence of Bitcoin, the network has repeatedly come under fire for the large amount of electricity required to secure it. However, one researcher believes that the current discussion on energy use is largely redundant since it doesn’t take into account how the electricity itself is sourced or how technology evolves.

2018-8-20 22:30


Фото:

South Korea Blockchain Industry Blooming – Swytch Announces Partnership to Expand Possibilities for Renewable Energies

South Korean city Chuncheon has joined with Swytch in a partnership to expand and accelerate the city’s use of renewable energy. In a move that mirrors other government investments in the blockchain, the agreement between the city and Swytch will see the two organizations examining how to use Swytch technology to make more citizens benefit […] South Korea Blockchain Industry Blooming – Swytch Announces Partnership to Expand Possibilities for Renewable Energies was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-8-20 13:59


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