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Topic: Bitcoin Millionaires Should Start Looking into Renewable Energy - page 2. (Read 1252 times)

legendary
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I have always had this idea of a self substantiating bitcoin miner with pure solar and wind energy, it could be a pricey prototype to make but i'm sure a lot of people would love the idea.

Yup.  That would be awesome.  The excess energy generated could even be sold to nearby communities.  I think decentralized energy might be the next big thing. 
legendary
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Thug for life!
I have always had this idea of a self substantiating bitcoin miner with pure solar and wind energy, it could be a pricey prototype to make but i'm sure a lot of people would love the idea.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
Instead of focusing on politics, it might be a good idea to start fixing the real problem.  Wasteful use of electricity.

Quote

Bitcoin accused of wasting shocking amount of electricity

It may be an alternative to fiat currencies and traditional banking, but Bitcoin is using up entirely too much electricity. One critic claims the online crypto-currency uses 5,000 times more power per transaction than VISA and is not sustainable.

According to the calculations by Christopher Malmo, writing at Vice’s blog Motherboard, “a single Bitcoin transaction uses roughly enough electricity to power 1.57 American households for a day.”

Citing estimates by the computer cooling firm Allied Control, Malmo says the total power consumption of the Bitcoin network is anywhere from 250 to 500 Megawatts (MW). Taking into account the total number of calculations the network can perform per second (hashrate) and the “generous miner efficiency” of 0.6 watts per gigahash, Malmo writes, the network’s constant power draw is just under 215 MW, or enough to power 173,000 average US households for a day.



Full article here...  http://rt.com/usa/270550-bitcoin-energy-hog-critics/
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