[H-GEN] A modern mining rig

[James Mills]

I'm not sure that I agree with the
typical household average of 300W
(over a year). Is this 300W/hr averaged
over the year?

Our household unfortunately has an energy
consumption of ~18MWh/annum (yes that's right
Mega Watts!)

cheers
James


James Mills / prologic

E: prologic at shortcircuit.net.au
W: prologic.shortcircuit.net.au


On Fri, Mar 28, 2014 at 6:51 PM, Benjamin Fowler
<ben.fowler.bjf at gmail.com>wrote:

> [ Humbug *General* list - semi-serious discussions about Humbug and     ]
> [ Unix-related topics. Posts from non-subscribed addresses will vanish. ]
>
>
>
> On 28 Mar 2014 01:10, "Russell Stuart" <russell-humbug at stuart.id.au>
> wrote:
> >
> > Another useful comparison is to the world's electricity consumption,
> > which was 20,181 TW hours / annum in 2008 [1] (which is approx 20 PW
> > hours, peta watt hours, peta = 10^15).
> >
> >     20e15 [Watts * hours/year] / (366 [days/year] * 24 [hours/day])
> >  =  20e15 [Watts * hours/year] / 8784 [hours/year]
> >  =  2.8e12 Watts.
> >
> > So bitcoins usage the worlds electricity consumption is:
> >
> >     38e6 Watts * 100 [%] / 2.8e12
> >  =  0.0013%
>
> So imagine then, that BK-like payment systems take off, and some developer
> gets some constant wrong somewhere when designing the protocol... And
> mining then ends up taking up a small but nevertheless sizeable percentage
> of world's energy output. That could be the dumbest manmade environmental
> catastrophe ever...
>
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