Bitcoin... Destroying the planet
Zenaan Harkness
zen at freedbms.net
Wed Dec 13 19:29:57 PST 2017
On Wed, Dec 13, 2017 at 10:01:50PM -0500, John Newman wrote:
>
>
> > 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.
So says the pinnacle of succinctity and US approved propaganda...
I do grant that you might be human, and (I'll wash my mouth out
later) - I've even agreed with you at least once :D
> >> 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
> >>
> >
>
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