Re:Bitcoin's Price Surge Is Making Hobby Mining Profitable A...
by Valodim on Monday July 10, 2017 @01:48PM
(#14738138)
11MWh average, 0.12 cents/kWh?! Power costs more than twice as much in Europe, and the average household uses half as much. No wonder you guys (in a twisted democratic sense of the word) aren't too fond of climate treaties.
Re:Bitcoin's Price Surge Is Making Hobby Mining Profitable A...
by Analemma_ on Monday July 10, 2017 @01:59PM
(#14738219)
I know you're sort of joking, but that doesn't really explain it: the places where power is cheapest in the U.S. are the places where the most renewables are used. Here in Pacific Northwest power is closer to 8 cents/kWh because it's mostly hydro; Texas is cheaper than in the surrounding South because it has more wind power, etc.
Re:Bitcoin's Price Surge Is Making Hobby Mining Profitable A...
by yuhong on Tuesday July 11, 2017 @01:15AM
(#14741730)
In this case, the server room location is Allen, Texas, likely paying commercial rates.
Re:Bitcoin's Price Surge Is Making Hobby Mining Profitable A...
by hanklazard on Monday July 10, 2017 @12:30PM
(#14737411)
Good point. This sort of waste is one of the big reasons for the (hopefully soon) shift to PoS rather than the current PoW.
So given his current return, of 1.01 bitcoins, that means each 2.4 bitcoins mined use around the electricity that a US household does annually.
And people wonder why there are those of us who are concerned about the environmental impact...