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Topic: 2013-04-15 BBC news: Bitcoin miners generating high energy bills (Read 1393 times)

full member
Activity: 182
Merit: 100
Finding Satoshi
If they need hit pieces like these, then you know they're threatened.

It's too bad that BBC doesn't allow user comments.

What a "democratic" way to operate.

Just use reddit.

Unfortunately most folks don't use reddit. They just look at a headline... gloss over maybe the first paragraph or two and that's it.
legendary
Activity: 1288
Merit: 1080
If they need hit pieces like these, then you know they're threatened.

It's too bad that BBC doesn't allow user comments.

What a "democratic" way to operate.

Just use reddit.
full member
Activity: 182
Merit: 100
Finding Satoshi
If they need hit pieces like these, then you know they're threatened.

It's too bad that BBC doesn't allow user comments.

What a "democratic" way to operate.

Some articles do.

Well BBC has high readership, so they have a pretty big mic.

The sites that do allow comments, some of them are not well read.
legendary
Activity: 1795
Merit: 1208
This is not OK.
If they need hit pieces like these, then you know they're threatened.

It's too bad that BBC doesn't allow user comments.

What a "democratic" way to operate.

Some articles do.
sr. member
Activity: 358
Merit: 250
..I'm surprised BBC didn't expose how bitcoin could also be facilitating the anonymous, illicit trade in 100W light bulbs, which are now banned in some places, including Canada!  Grin
full member
Activity: 182
Merit: 100
Finding Satoshi
If they need hit pieces like these, then you know they're threatened.

It's too bad that BBC doesn't allow user comments.

What a "democratic" way to operate.
sr. member
Activity: 358
Merit: 250
More (ridiculous) press coverage about bitcoin mining power consumption...

The thermal output of a 1kw bitcoin mining setup is exactly equal to the thermal output of a 1kw electric heater

In other words: In a climate/season where mining heat output can contribute to heat your flat, house, etc. and your normal heating is electric, your net mining power cost should be basically zero. Ever notice that in northern climates large office towers etc often leave the lights on 24/7, and office PCs are rarely turned off? Well, it's because it just doesn't matter much from either a power usage or conservation standpoint. In fact, these factors are always taken into account when hvac systems are designed.

In any event, the electricity consumed by the fraction of banking infrastructure soon to be displaced by bitcoin is probably orders of magnitude higher than mining operations ever will be.

legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
And here we go.

Time to let loose the "energy saving lamp crowd" on Bitcoin, to destroy it

Fucking Goremons


It's either them or us
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
Traditional banking waste much much more energy  Roll Eyes
zby
legendary
Activity: 1594
Merit: 1001
I've heard the Proof of Stake method of block chaining can avoid that cost - but it looks like the PPCoin is getting a lot of criticism (https://bitcointalksearch.org/topic/ppcoin-is-not-a-decentralized-cryptocurrency-101954).
legendary
Activity: 1795
Merit: 1208
This is not OK.
At least we have the the other guy saying in the grand scheme, it's trivial.
full member
Activity: 145
Merit: 100
And here we go.

Time to let loose the "energy saving lamp crowd" on Bitcoin, to destroy it

I wonder how much gold/silver mining takes energy? Let alone other environmental impacts...
legendary
Activity: 1232
Merit: 1001
And here we go.

Time to let loose the "energy saving lamp crowd" on Bitcoin, to destroy it
legendary
Activity: 1795
Merit: 1208
This is not OK.
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