Hacker News new | ask | show | jobs
by guelo 3837 days ago
That paper estimates the bitcoin network's total power consumption at around 117MW. This latest increase is estimated at 40MW. So it is a significant increase.
1 comments
jnbiche 3837 days ago
Not sure how they came up with that estimate, but the miners are getting more and more efficient, so it's not a linear increase.
link
davidgerard 3836 days ago
No, it's a race to the bottom. The cost of mining 1 BTC will naturally tend to 1 BTC, and we're already circling that.
link