> On Dec 7, 2017, at 9:26 PM, juan <[email protected]> wrote: > > On Thu, 07 Dec 2017 18:10:32 -0800 > g2s <[email protected]> wrote: > > >> >> we are still waiting for you to show that you able to >> calculate Blah blah... From that ars technical link > >> However, we can make some educated guesses. For starters, we know the >> industry's revenue: Bitcoin miners currently generate 75 bitcoins per >> hour, which, at the current price of around $12,500 per bitcoin, >> translates to $937,500 per hour, or more than $8 billion per year. > > > hey stupid piece of joo shit, you still don't understand the > very basics of what you are supposed to calculate? you keep > copy pasting irrelevant shit? > > you are supposed to give an estimate of energy usage. Watts per > hour. Do you even know what that means? > >
What’s the point in calling Razer a “joo”? He doesn’t call you a beaner. Is he even a practicing Jew? Does it even matter (answer is no)? It’s such a lazy, inarticulate expression, it makes you sound exactly like racist trash. Oh and yeah I expect a bunch of “muh white knight” bullshit from the cock.li cock and probably others. So original, clever and biting, like all his genius “irreverent nazi” bullshit. > > > >> >> Moreover, the industry is highly competitive, and electricity is one >> of its biggest costs. So when the price of bitcoins rises, we can >> expect miners to spend more and more on electricity until electricity >> costs are roughly on par with revenues. >> >> This is the methodology the Digiconomist (link... use it scumbag.) >> website uses to estimate the Bitcoin network's energy consumption. It >> assumes that the industry will spend 60 percent of its revenue on >> electricity and then extrapolates from the current bitcoin price and >> prevailing electricity prices. It finds that the network is consuming >> energy at an annual rate of 32TWh. >> >> It also assumes that the network takes time to adjust to big price >> increases like we've seen in recent days. This means that, if Bitcoin >> stays above $12,000, we can expect this figure to rise further in the >> coming weeks." Rr >> >
