Bitcoin... Destroying the planet

[John Newman]

> On Dec 7, 2017, at 9:26 PM, juan <juan.g71 at gmail.com> wrote:
> 
> On Thu, 07 Dec 2017 18:10:32 -0800
> g2s <g2s at riseup.net> wrote:
> 
> 
>> 
>>    we are still waiting for you to show that you able to
>> calculate Blah blah... From that ars technical link
> 
>> However, we can make some educated guesses. For starters, we know the
>> industry's revenue: Bitcoin miners currently generate 75 bitcoins per
>> hour, which, at the current price of around $12,500 per bitcoin,
>> translates to $937,500 per hour, or more than $8 billion per year.
> 
> 
>    hey stupid piece of joo shit, you still don't understand the
>    very basics of what you are supposed to calculate? you keep
>    copy pasting irrelevant shit? 
> 
>    you are supposed to give an estimate of energy usage. Watts per
>    hour. Do you even know what that means? 
> 
> 


What’s the point in calling Razer a “joo”? He doesn’t call you a beaner.
Is he even a practicing Jew? Does it even matter (answer is no)? It’s such
a lazy, inarticulate expression, it makes you sound exactly like racist trash.


Oh and yeah I expect a bunch of “muh white knight” bullshit from the cock.li
cock and probably others. So original, clever and biting, like all his genius 
“irreverent nazi” bullshit.



> 
> 
>    
>> 
>> Moreover, the industry is highly competitive, and electricity is one
>> of its biggest costs. So when the price of bitcoins rises, we can
>> expect miners to spend more and more on electricity until electricity
>> costs are roughly on par with revenues.
>> 
>> This is the methodology the Digiconomist (link... use it scumbag.)
>> website uses to estimate the Bitcoin network's energy consumption. It
>> assumes that the industry will spend 60 percent of its revenue on
>> electricity and then extrapolates from the current bitcoin price and
>> prevailing electricity prices. It finds that the network is consuming
>> energy at an annual rate of 32TWh.
>> 
>> It also assumes that the network takes time to adjust to big price
>> increases like we've seen in recent days. This means that, if Bitcoin
>> stays above $12,000, we can expect this figure to rise further in the
>> coming weeks." Rr
>> 
>