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Title: 2013-04-15 BBC news: Bitcoin miners generating high energy bills Post by: P_Shep on April 15, 2013, 02:28:20 PM http://www.bbc.co.uk/news/technology-22153687
Title: Re: 2013-04-15 BBC news: Bitcoin miners generating high energy bills Post by: Akka on April 15, 2013, 02:33:41 PM And here we go.
Time to let loose the "energy saving lamp crowd" on Bitcoin, to destroy it Title: Re: 2013-04-15 BBC news: Bitcoin miners generating high energy bills Post by: Gabit on April 15, 2013, 02:37:10 PM 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... Title: Re: 2013-04-15 BBC news: Bitcoin miners generating high energy bills Post by: P_Shep on April 15, 2013, 02:50:06 PM At least we have the the other guy saying in the grand scheme, it's trivial.
Title: Re: 2013-04-15 BBC news: Bitcoin miners generating high energy bills Post by: zby on April 15, 2013, 03:47:32 PM 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://bitcointalk.org/index.php?topic=101954.0).
Title: Re: 2013-04-15 BBC news: Bitcoin miners generating high energy bills Post by: Gabi on April 15, 2013, 03:53:21 PM Traditional banking waste much much more energy ::)
Title: Re: 2013-04-15 BBC news: Bitcoin miners generating high energy bills Post by: conspirosphere.tk on April 15, 2013, 03:56:53 PM And here we go. Time to let loose the "energy saving lamp crowd" on Bitcoin, to destroy it Fucking Goremons http://www.theliberationstation.com/uploads/2/3/0/4/2304035/5550740.jpg It's either them or us https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcQ3Q3eieJ9CtTjim87DhX7wsHvjNxQrIkYXRvkaPacMIRGj2oqmOQ Title: Re: 2013-04-15 BBC news: Bitcoin miners generating high energy bills Post by: StarfishPrime on April 15, 2013, 05:10:13 PM 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. Title: Re: 2013-04-15 BBC news: Bitcoin miners generating high energy bills Post by: noedaRDH on April 15, 2013, 05:22:06 PM 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. Title: Re: 2013-04-15 BBC news: Bitcoin miners generating high energy bills Post by: StarfishPrime on April 15, 2013, 06:46:08 PM ..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! ;D
Title: Re: 2013-04-15 BBC news: Bitcoin miners generating high energy bills Post by: P_Shep on April 15, 2013, 10:59:13 PM 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. Title: Re: 2013-04-15 BBC news: Bitcoin miners generating high energy bills Post by: noedaRDH on April 15, 2013, 11:24:47 PM 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. Title: Re: 2013-04-15 BBC news: Bitcoin miners generating high energy bills Post by: grondilu on April 15, 2013, 11:30:22 PM 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 (http://www.reddit.com/r/TechNewsToday/comments/1cdy50/bbc_news_bitcoin_miners_generating_high_energy/). Title: Re: 2013-04-15 BBC news: Bitcoin miners generating high energy bills Post by: noedaRDH on April 15, 2013, 11:40:20 PM 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 (http://www.reddit.com/r/TechNewsToday/comments/1cdy50/bbc_news_bitcoin_miners_generating_high_energy/). 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. |
