Wow the setup above is nice!
I wonder how many watts are currently being spent mining BTC in the world. Any idea on the average Jules/gigahash? is it around 1.25 or something?
We are going to burn our world's oil reserves faster than we thought =]
Thanks for the props! The following is a great article that answers your question in relation to gold.
https://cdn.panteracapital.com/wp-content/uploads/Bitcoin-vs-Gold.pdf The annual cost of mining gold is $105 billion vs. $0.79 billion for Bitcoin.
Gold mining uses 475 million gigajoules of energy versus 3.6 million for Bitcoin.
Wow, thank you for that! That's a great read!
You are VERY welcome!
36 Blocks at the Dark Side, now, and still have 3 hours 23 minutes to go!
EDIT:
Apparently, one's number of shares (profits) increase the longer you stay on the pool until your "1 Day" hash rate has peaked out! I can tell my shares increase as my "1 Day Hash rate" increases. This is with the Pools TOTAL hash rate remaining approximately the same. See below:
Earlier in the day with a lower "1 Day" total hash rate:
19565 2014-10-14 10:12:44 325269 25.0187 81/120 2 minutes 58.67 Ph/s 9088400/75000013988 0.01% 1502519970
0.0030317319564 2014-10-14 10:10:54 325268 25.1600 82/120 an hour 60.51 Ph/s 9088400/75000013988 0.01% 73513221895
0.0030488419563 2014-10-14 08:43:56 325262 25.1185 88/120 31 minutes 58.43 Ph/s 9216480/75000280180 0.01% 25414106259
0.0030867019562 2014-10-14 08:12:48 325260 25.0471 90/120 7 minutes 56.64 Ph/s 9180280/75000253595 0.01% 5815434138
0.0030658419561 2014-10-14 08:05:27 325259 25.1094 91/120 2 hours 59.89 Ph/s 9092560/75000253218 0.01% 81055867614
0.00304411Later in the day as my "1 Day" hash rate total increased:
19591 2014-10-14 23:01:19 325349 25.2394 1/120 13 minutes 58.28 Ph/s 9532560/75000024802 0.01% 10462744315
0.0032079419590 2014-10-14 22:48:28 325348 25.1942 2/120 42 minutes 58.59 Ph/s 9559920/75000023986 0.01% 34282482547
0.0032113919589 2014-10-14 22:06:35 325347 25.1091 3/120 13 minutes 57.74 Ph/s 9476560/75000009874 0.01% 10526200496
0.0031726419588 2014-10-14 21:53:32 325345 25.1527 5/120 15 minutes 58.25 Ph/s 9501480/75000007054 0.01% 11798511520
0.0031865019587 2014-10-14 21:39:02 325344 25.0135 6/120 5 minutes 57.42 Ph/s 9494160/75000007800 0.01% 4104269501
0.0031664319586 2014-10-14 21:33:55 325342 25.1163 8/120 an hour 58.17 Ph/s 9456920/75000004291 0.01% 36773717683
0.0031669719585 2014-10-14 20:48:40 325334 25.1554 16/120 21 minutes 59.08 Ph/s 9278080/75000005295 0.01% 17511352630
0.0031119119584 2014-10-14 20:27:27 325333 25.0179 17/120 2 minutes 56.02 Ph/s 9158520/75000006275 0.01% 1212989575
0.00305502Hash Rate:
90682 2014-10-15 00:03:14 9 minutes 58.36 Ph/s
7.55 Th/s 35002482026 970600 0.013% 0 (0%) 7500000280
90681 2014-10-14 23:54:02 9 minutes 58.67 Ph/s
7.43 Th/s 35002482026 949120 0.013% 0 (0%) 7500000879
90680 2014-10-14 23:44:53 9 minutes 58.36 Ph/s
7.45 Th/s 35002482026 957680 0.013% 0 (0%) 7500001021
90679 2014-10-14 23:35:41 9 minutes 58.25 Ph/s
7.48 Th/s 35002482026 963160 0.013% 960 (0.10%) 7500000018
90678 2014-10-14 23:26:28 9 minutes 58.25 Ph/s
7.24 Th/s 35002482026 931560 0.012% 2840 (0.30%) 7500000510
90677 2014-10-14 23:17:15 9 minutes 58.04 Ph/s
7.32 Th/s 35002482026 945960 0.013% 0 (0%) 7500000144
90676 2014-10-14 23:08:00 9 minutes 57.83 Ph/s
7.08 Th/s 35002482026 917760 0.012% 2880 (0.31%) 7500000202
90675 2014-10-14 22:58:43 9 minutes 58.67 Ph/s
7.60 Th/s 35002482026 971360 0.013% 0 (0%) 7500000780
90674 2014-10-14 22:49:34 9 minutes 57.72 Ph/s
7.31 Th/s 35002482026 949320 0.013% 1440 (0.15%) 7500001184
90673 2014-10-14 22:40:16 9 minutes 58.02 Ph/s
7.67 Th/s 35002482026 991840 0.013% 480 (0.05%) 7500011488