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Author Topic: 2013-04-15 BBC news: Bitcoin miners generating high energy bills  (Read 1310 times)
P_Shep
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April 15, 2013, 02:28:20 PM
 #1

http://www.bbc.co.uk/news/technology-22153687
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April 15, 2013, 02:33:41 PM
 #2

And here we go.

Time to let loose the "energy saving lamp crowd" on Bitcoin, to destroy it

All previous versions of currency will no longer be supported as of this update
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April 15, 2013, 02:37:10 PM
 #3

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...
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April 15, 2013, 02:50:06 PM
 #4

At least we have the the other guy saying in the grand scheme, it's trivial.
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April 15, 2013, 03:47:32 PM
 #5

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).
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April 15, 2013, 03:53:21 PM
 #6

Traditional banking waste much much more energy  Roll Eyes

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April 15, 2013, 03:56:53 PM
 #7

And here we go.

Time to let loose the "energy saving lamp crowd" on Bitcoin, to destroy it

Fucking Goremons


It's either them or us
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April 15, 2013, 05:10:13 PM
 #8

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.


                         
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.
TorCoin.....
¦
¦
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¦
  Fully Anonymous TOR-integrated Crypto
               ¦ Windows     ¦ Linux     ¦ GitHub     ¦ macOS
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.
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April 15, 2013, 05:22:06 PM
 #9

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.

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StarfishPrime
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April 15, 2013, 06:46:08 PM
 #10

..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!  Grin

                         
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.
TorCoin.....
¦
¦
¦
¦
  Fully Anonymous TOR-integrated Crypto
               ¦ Windows     ¦ Linux     ¦ GitHub     ¦ macOS
     ¦
     ¦
     ¦
     ¦
.
   ANN THREAD
     ¦
     ¦
     ¦
     ¦
[/center]
P_Shep
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April 15, 2013, 10:59:13 PM
 #11

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.
noedaRDH
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April 15, 2013, 11:24:47 PM
 #12

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.

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April 15, 2013, 11:30:22 PM
 #13

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.
noedaRDH
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April 15, 2013, 11:40:20 PM
 #14

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.

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.

1NwGKiLcAngD1KiCCivxT6EDJmyXMGqM9q

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