100 PH of chips wow I knew it was going to be a big number but had no Ideal. Well I was hope to outrun the difficulty jumps by 10% or so, but maybe I will just hope that I can keep up. It should be a fun ride at any rate...
Not to worry gents. Assuming .8 w per GH (we have to be much higher than that currently......)
With the current growth rate, the network is on pace to consume 1,000 MW by December, 10,000 MW in less than a year, and 122,000 MW by the end of 2015. aaaaand for funs, 10,699,343 MW by the end of 2016....which, coincidentally, is about 10x the total generational capacity of the entire USA.
Now obviously efficiency is going to improve, but there is a lower bound that we will rapidly approach in the near future. Also, all of the lower cost sources of power will be exhausted in the next 6-9 months, and marginal expansion will be that much more difficult.
What I am trying to say is, diff jumping by 20% every 12 days is completely unsustainable. Unless the entire world devotes its energy generation to mining. And subsidizes the power cost.
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