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kurious
Legendary
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Activity: 2590
Merit: 1643
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November 27, 2017, 08:27:39 PM |
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I vote for the next fork to be called Bitcoin Cash Dash
Scamtastic! Launch it, they will come. Probably.
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Ibian
Legendary
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Activity: 2268
Merit: 1278
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November 27, 2017, 08:29:27 PM |
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You don't even need to check anything with sensationalist claims like that. Shit article by a shit author.
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AlcoHoDL
Legendary
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Activity: 2520
Merit: 4630
Addicted to HoDLing!
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November 27, 2017, 08:30:05 PM Last edit: November 27, 2017, 11:39:48 PM by AlcoHoDL |
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BTL: THE LAMBOMAKER
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gentlemand
Legendary
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Activity: 2590
Merit: 3014
Welt Am Draht
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November 27, 2017, 08:31:54 PM |
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if it keeps increasing at this rate, Bitcoin mining will consume all the world's electricity by Feb. 2020." Sounds like this has just been summoned once again.
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savetherainforest
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November 27, 2017, 08:32:03 PM |
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HA! ... LOL! ... ROFL!... I still have mine... I'm too lazy to split my cold storage. But I'm thinking to trade on it when the dust settles and it becomes predictable, just for fun. But the man seems like a nerdy prick that is very shallow and with low experience at playing life, ethics and wisdom. I would compare him to some Paris Hilton kind of gall / figure. A plastic mindless dummy.
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vroom
Legendary
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Activity: 1306
Merit: 1715
a Cray can run an endless loop in under 4 hours
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November 27, 2017, 08:33:30 PM |
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if you don't have enough bitcoin by 2020 you are screwed. You will not be able to pay the high electricity cost for your apartment.
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Torque
Legendary
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Activity: 3710
Merit: 5286
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November 27, 2017, 08:34:58 PM |
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You don't even need to check anything with sensationalist claims like that. Shit article by a shit author. Light Pollution in the U.S. alone: 120 terawatt-hours/year Bitcoin Network: 29.05 terrawatt-hours/year (Confirmation? Some articles cite 11 Twh/yr ?) CERN Hadron Collider: 1.3 terrawatt-hours/year Yeah, let's get the global light pollution levels solved first before we start considering Bitcoin energy consumption a problem...
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gembitz
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November 27, 2017, 08:40:16 PM |
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HA! ... LOL! ... ROFL!... I still have mine... I'm too lazy to split my cold storage. But I'm thinking to trade on it when the dust settles and it becomes predictable, just for fun. But the man seems like a nerdy prick that is very shallow and with low experience at playing life, ethics and wisdom. I would compare him to some Paris Hilton kind of gall / figure. A plastic mindless dummy. Bcash is really getting under his skin .. Ahole coin seems more appropriate :-D LOLLL
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rolling
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November 27, 2017, 08:48:47 PM Last edit: November 27, 2017, 08:59:33 PM by rolling |
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You don't even need to check anything with sensationalist claims like that. Shit article by a shit author. Light Pollution in the U.S. alone: 120 terawatt-hours/year Bitcoin Network: 29.05 terrawatt-hours/year ( Confirmation? Some articles cite 11 Twh/yr ?) CERN Hadron Collider: 1.3 terrawatt-hours/year Yeah, let's get the global light pollution levels solved first before we start considering Bitcoin energy consumption a problem... Assuming a network at 10 Exahash/10,000 Petahash/10 Million Terahash/10 Billion GH/s and an average miner efficiency of .3 Watts per GH then I come up with 26.28 terrawatt-hours/year. That is about the efficiency of an Antminer S7 but the majority of miners are probably S9s or equivalent so that seems really high. .2 Watts per GH/s would still be high but closer to reality considering other power costs such as cooling. That would bring us down to 17.52 terrawatt-hours/year. 10,000,000,000 GH/s X .2 Watts/GH/s X 24hours X 365days = 17,520,000,000 KW/h or 17,520,000 MW/h or 17.52 TW/h It's all based on your assumptions and of course the article didn't say what assumptions it used.
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Aqualung89
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November 27, 2017, 08:57:37 PM |
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I think for 2018, Bitcoin Shan will go bomb like everything is showing him a new record.
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jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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November 27, 2017, 09:16:13 PM |
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Just the thing needed to send r0ach into additional fits of apoplectic frenzy: https://bitcoen.io/
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Dabs
Legendary
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Activity: 3416
Merit: 1912
The Concierge of Crypto
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November 27, 2017, 09:29:59 PM |
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We know that Bitcoin will be featured on this week's episode of The Big Bang Theory, but how many of you watch Showtime's Shameless?
Fiona just rented an apartment to a tech guy that moved in a bunch of equipment, and he alluded to the fact that the primary reason he rented it was because utilities were included. I've got .01 BTC that says we will later learn that he is mining with a bunch of rigs and is going to cause Fiona's electric bill to go through the roof.
Any takers?
Proof of Stake coins?
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1116
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November 27, 2017, 09:35:46 PM |
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You don't even need to check anything with sensationalist claims like that. Shit article by a shit author. Light Pollution in the U.S. alone: 120 terawatt-hours/year Bitcoin Network: 29.05 terrawatt-hours/year (Confirmation? Some articles cite 11 Twh/yr ?) CERN Hadron Collider: 1.3 terrawatt-hours/year Yeah, let's get the global light pollution levels solved first before we start considering Bitcoin energy consumption a problem... Motherboard did a piece years ago. "Bitcoin is unsustainable" I think it was called, with extensive quotes from jstolfi of all people. Same same.
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1116
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November 27, 2017, 09:40:51 PM |
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Just the thing needed to send r0ach into additional fits of apoplectic frenzy: https://bitcoen.io/We've been in this canoe before, so to speak. We know why he's here, when he's here. His timing is too perfect. I just wish he was more fun to read.
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hv_
Legendary
Offline
Activity: 2534
Merit: 1055
Clean Code and Scale
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November 27, 2017, 09:52:18 PM |
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You don't even need to check anything with sensationalist claims like that. Shit article by a shit author. Light Pollution in the U.S. alone: 120 terawatt-hours/year Bitcoin Network: 29.05 terrawatt-hours/year (Confirmation? Some articles cite 11 Twh/yr ?) CERN Hadron Collider: 1.3 terrawatt-hours/year Yeah, let's get the global light pollution levels solved first before we start considering Bitcoin energy consumption a problem... There is a lot more like Useless gold mining and destroying nature. Fiat coin / note production Extreme air conditioning ...
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lightfoot
Legendary
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Activity: 3164
Merit: 2258
I fix broken miners. And make holes in teeth :-)
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November 27, 2017, 09:57:53 PM |
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Just the thing needed to send r0ach into additional fits of apoplectic frenzy: https://bitcoen.io/Impossible and a scam: They are giving it away for free. :-)
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BTCMILLIONAIRE
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November 27, 2017, 09:57:56 PM |
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HA! ... LOL! ... ROFL!... I still have mine... I'm too lazy to split my cold storage. But I'm thinking to trade on it when the dust settles and it becomes predictable, just for fun. But the man seems like a nerdy prick that is very shallow and with low experience at playing life, ethics and wisdom. I would compare him to some Paris Hilton kind of gall / figure. A plastic mindless dummy. Bcash is really getting under his skin .. Ahole coin seems more appropriate :-D LOLLL Is he upset because of BCash or because of BTC cracking $10k before BCash got anywhere close? And why is his BCash business failing if he's such a godsent gift to humanity?
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Wekkel
Legendary
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Activity: 3108
Merit: 1531
yes
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November 27, 2017, 10:06:28 PM |
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Traffic with only one person per car. Making stuff that everyone buys but no one needs. Keeping a military afloat in peace time. Powering Al Gore’s little apartment.
The list goes on and on.
But we have another great contender for virtue signalling.
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RayX12
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November 27, 2017, 10:23:05 PM |
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You don't even need to check anything with sensationalist claims like that. Shit article by a shit author. Light Pollution in the U.S. alone: 120 terawatt-hours/year Bitcoin Network: 29.05 terrawatt-hours/year ( Confirmation? Some articles cite 11 Twh/yr ?) CERN Hadron Collider: 1.3 terrawatt-hours/year Yeah, let's get the global light pollution levels solved first before we start considering Bitcoin energy consumption a problem... Assuming a network at 10 Exahash/10,000 Petahash/10 Million Terahash/10 Billion GH/s and an average miner efficiency of .3 Watts per GH then I come up with 26.28 terrawatt-hours/year. That is about the efficiency of an Antminer S7 but the majority of miners are probably S9s or equivalent so that seems really high. .2 Watts per GH/s would still be high but closer to reality considering other power costs such as cooling. That would bring us down to 17.52 terrawatt-hours/year. 10,000,000,000 GH/s X .2 Watts/GH/s X 24hours X 365days = 17,520,000,000 KW/h or 17,520,000 MW/h or 17.52 TW/h It's all based on your assumptions and of course the article didn't say what assumptions it used. Thanks for the numbers. I found this link indicating that the world consumption in 2015 was 20,757 TWhr and predict around 28,141 TWhr for 2030, assuming a linear growth it would grow at 492 TWhr per year. That would put 2017 consumption at 20,757 + 492 + 492 = 21,747 TWhr for 2017. https://www.eea.europa.eu/data-and-maps/figures/world-final-electricity-consumption-by-region-in-the-baseline-scenario-twhSo BTC would have consumed 17/21747 x 100 = 0.12% of the worlds energy. I have downloaded the hash chart in excel from https://blockchain.info/charts/hash-rate?timespan=alland then added a polynomial regression to predict the hash rate in one year and also in two years from today. According to the chart on nov-24-2017 we are looking at 10445729 TH/s x 1000 = 10445729472 GH/s so according to your calculation that would put us at 10445729472 GH/s * 0.2 x 24 x 365 = 18300918034944 kw/hr or 18.3 TW-hr The polynomial fit for the chart has a 0.9767 correlation coefficient predicting close to 70 TW-hr in 365 days and then 210 TW-hr in 730 days (2yrs) near the begining of 2020. The world power consumption by the beginning of 2020 would be 21,747 + 492 +492 = 22,731 KW-hr So BTC would consume 210/22731 * 100 = 0.92% With the available data there is no way that the BTC electrical consumption could reach the world power by Feb 2020. Here is the chart I generated for 365 extrapolation: Here is the chart I generated for 730 day extrapolation. Finally the hash rate chart from Blockchain.info
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