Bitcoin Forum
April 25, 2024, 12:32:53 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: peak oil, increasing energy costs, mining impact?  (Read 1078 times)
notNigel (OP)
Full Member
***
Offline Offline

Activity: 182
Merit: 100


View Profile
July 14, 2011, 07:54:22 PM
 #1

This chart...

http://upload.wikimedia.org/wikipedia/commons/f/f2/PU200611_Fig1.png

and this news...

http://www.guardian.co.uk/money/2011/jul/14/households-fuel-poverty-energy-prices

imply that mining is going to be more difficult in years to come, no?
1714005173
Hero Member
*
Offline Offline

Posts: 1714005173

View Profile Personal Message (Offline)

Ignore
1714005173
Reply with quote  #2

1714005173
Report to moderator
1714005173
Hero Member
*
Offline Offline

Posts: 1714005173

View Profile Personal Message (Offline)

Ignore
1714005173
Reply with quote  #2

1714005173
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714005173
Hero Member
*
Offline Offline

Posts: 1714005173

View Profile Personal Message (Offline)

Ignore
1714005173
Reply with quote  #2

1714005173
Report to moderator
1714005173
Hero Member
*
Offline Offline

Posts: 1714005173

View Profile Personal Message (Offline)

Ignore
1714005173
Reply with quote  #2

1714005173
Report to moderator
1714005173
Hero Member
*
Offline Offline

Posts: 1714005173

View Profile Personal Message (Offline)

Ignore
1714005173
Reply with quote  #2

1714005173
Report to moderator
topslop1
Newbie
*
Offline Offline

Activity: 34
Merit: 0


View Profile
July 14, 2011, 08:39:10 PM
 #2

Yes it will be more difficult in the years and time to come but you have to understand that people will drop in and out of it as it does so and the difficulty will adjust accordingly.  Also, there will be advancements in hardware and code that will allow for more efficient mining.
Leon
Newbie
*
Offline Offline

Activity: 14
Merit: 0



View Profile
July 14, 2011, 08:59:28 PM
 #3


It seems to be the value of our dollar just decreasing... Hyper inflation is on its way....  Undecided
notNigel (OP)
Full Member
***
Offline Offline

Activity: 182
Merit: 100


View Profile
July 14, 2011, 10:10:42 PM
 #4

I think that's a good point, will Moore's law enable computing power to outpace energy costs?
Energy cost is going up scary style, but GPU's are just better and better too.
Ideally you live in a desert and power your rig by solar...
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!