1%,,, did you do the math...
average home uses 0.3kwh
1.2bill homes
=4,246,575,342kw/h (~4.25billion)
14nm asics are 14 terra
hashrate this week is 50,000,000 terra
=3,571,428 asics
each asic is 1.3 kwh
=4,642,857kw/h (~4.6million)
bitcoin uses 0.109% using 14nm rigs
now with 7nm
50 exa with 28terrahash rigs =
1,785,714 asics
each asic is 0.8kw/h
=1,428,571kw/h (~1.23mill)
bitcoin uses 0.0289% using 7nm rigs
yep we are somewhere in the area of between 0.029%-0.11% no where near 1%
and as i said the 0.029% is the next gen electric usage at this weeks hashrate. so the electric per hash is going down.
now imagine how much electric would be wasted if we stuck with GPU.. but the hashrate was still 50exahash
ill give you a hint. it would be 1177% of household electric
..
back 5 years ago yea the hashrate was 250000x lower.. but the kw per hash was higher using GPU
..
anyway over all we are at 0.1% household use if we use the old ASIC measure
and if we transition to 7nm rigs. we could go upto a hashrate of over 150exa and still be at 0.1% household electric.
this means we can go to 1500exa and finally get to the 1% of household electric this topic is at.
summary:
so give it a while. we are not near a 1% household electric barrier yet.. but pencil in 1500exa into your hashrate calender, then the OP can repost and finally be right
Thanks for this calculation. It was indeed sounding strange such an enormous figure. Your estimate is much more reasonable. However, so some extent the problem remains, even though not that big.