Topic: Bitcoin Mining Power Growing Bigger But Greener - page 2. (Read 944 times)
I thought mining was only profitable to those whohas a huge investment amount. let me get confirmed that am i living in a conspracy/rummer or its all working in the other side. does mining really that much profitable which you guys are saying.and anyway the highest a cpu miner with almost normal configuration like(2gb ram, 3.something ghrz processor and sop on) can make about 0.001$ her hour which is ofcourse dumb idea to continue
that calculation is at 2015/2016 calculations. (motherboard.vice article wrote march 2016 using data from before that date)
here is an update using hashrate of this week
today's hashrate converts to at most 200,000 S9 ASICS (<2.6m Thash)
at 1.3kwh per asic =260000kwh (260mw)
asia's 5cent electric = $13,000 an hour
USA's 10cent electric = $26,000 an hour
UK's 20cent electric= $52,000 an hour
asia's 5cent electric = $312,000 a day
USA's 10cent electric = $624,000 a day
UK's 20cent electric= $1,248,000 a day
asia's 5cent electric = $113,880,000 a year
USA's 10cent electric = $227,760,000 a year
UK's 20cent electric= $455,520,000 a year
enjoy
by the way UK miners are rare.. so world combined electric cost per year is between $113m-$227m
much less than last years estimate
here is an update using hashrate of this week
today's hashrate converts to at most 200,000 S9 ASICS (<2.6m Thash)
at 1.3kwh per asic =260000kwh (260mw)
asia's 5cent electric = $13,000 an hour
USA's 10cent electric = $26,000 an hour
UK's 20cent electric= $52,000 an hour
asia's 5cent electric = $312,000 a day
USA's 10cent electric = $624,000 a day
UK's 20cent electric= $1,248,000 a day
asia's 5cent electric = $113,880,000 a year
USA's 10cent electric = $227,760,000 a year
UK's 20cent electric= $455,520,000 a year
enjoy
by the way UK miners are rare.. so world combined electric cost per year is between $113m-$227m
much less than last years estimate
Bitcoin has created a vast mining sector within the network’s economy that is growing exponentially. Mining bitcoin has spread the technology towards new thoughts concerning energy consumption, ways to utilize bitcoin mining’s heat source, greener energy solutions and more.
As it stands today, the Bitcoin mining sector is robust with computations faster than the world’s top 500 supercomputers combined. The global bitcoin mining economy consumes nearly $500 million in electrical and operational costs. Moreover, it’s estimated the bitcoin network could use as much electricity as Denmark by the year 2020. It’s safe to say securing the bitcoin network through mining is costly and consumes a lot of energy, but may offer a myriad of other benefits to the equation.
https://news.bitcoin.com/bitcoin-mining-power-growing-bigger-but-greener/
As it stands today, the Bitcoin mining sector is robust with computations faster than the world’s top 500 supercomputers combined. The global bitcoin mining economy consumes nearly $500 million in electrical and operational costs. Moreover, it’s estimated the bitcoin network could use as much electricity as Denmark by the year 2020. It’s safe to say securing the bitcoin network through mining is costly and consumes a lot of energy, but may offer a myriad of other benefits to the equation.
https://news.bitcoin.com/bitcoin-mining-power-growing-bigger-but-greener/
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