Bitcoin Forum

Economy => Services => Topic started by: 1planet on June 17, 2014, 03:57:51 PM



Title: [Bounty] 0.01 BTC - Need calculation of Bitcoin's carbon foot print
Post by: 1planet on June 17, 2014, 03:57:51 PM
Ok I'm breaking my head over this.

Who can help me calculate the daily carbon emission caused by mining Bitcoins, given the following parameters?

- A current hash rate of 107,533,531.29 GH/s (according to www.blockchain.info/stats)
- A global emission average of 0.65 tonnes of CO2/MWh
- Average mining hardware power consumption of 10Watts per GH/s. *

And I don't need just the answer, I need every step in the calculations.

* It's really hard to make a good guess how much the average power consumption of all mining equipment in the world would be. If anyone can help me make a more educated guess please let me know.

NB: Only the first to give me a complete and easy to understand step-by-step answer will get the bounty! So please PM me to make sure you're the first.


Title: Re: [Bounty] 0.01 BTC - Need calculation of Bitcoin's carbon foot print
Post by: PangPang on June 17, 2014, 04:23:12 PM
Ok I'm breaking my head over this.

Who can help me calculate the daily carbon emission caused by mining Bitcoins, given the following parameters?

- A current hash rate of 107,533,531.29 GH/s (according to www.blockchain.info/stats)
- A global emission average of 0.65 tonnes of CO2/MWh
- Average mining hardware power consumption of 10Watts per GH/s. *

And I don't need just the answer, I need every step in the calculations.

* It's really hard to make a good guess how much the average power consumption of all mining equipment in the world would be. If anyone can help me make a more educated guess please let me know.

NB: Only the first to give me a complete and easy to understand step-by-step answer will get the bounty! So please PM me to make sure you're the first.

Power consumption for all bitcoin mining machines = 107,533,531.29 * 10  = 1075335312.9 W = 1075.3353129 MW.
Daily energy used = 1075.3353129 * 24 = 25808.0475096 MWH.
Daily CO2 emission = 25808.0475096 * 0.65 = 16775.2308812 t

You can find my address in my profile. :)


Title: Re: [Bounty] 0.01 BTC - Need calculation of Bitcoin's carbon foot print
Post by: PangPang on June 18, 2014, 07:54:19 AM
Received 0.01 from OP. Thanks.

Tx ID: https://blockchain.info/tx/e84eb462094da3e2a1419d9baa6c7bf446d65b97cdc297456e7e02be2ae7ac4a


Title: Re: [Bounty] 0.01 BTC - Need calculation of Bitcoin's carbon foot print
Post by: 1planet on June 18, 2014, 07:56:05 AM
Thank you all for your effort. I recieved a few more calculations by PM.

Bounty has been sent to PangPang, who was the first.