Re:Bitcoin Mining Now Consuming More Electricity Than Many C...
by gtrubetskoy on Wednesday November 22, 2017 @09:36PM
(#15762358)
I did something similar [1] though not nearly as detailed, whereby as of Sep 2017 I estimated the total hash power to be equivalent to 712,672 S9 miners, which roughly adds up to
8.584 TWh/year
8.584 / 109613 = 0.00008 = 0.008%
(109613 TWh is the annual world consumption number you used)
P.S.: I think this is a high estimate, because companies like BitFury have access to much more energy efficient asics which they're keeping secret. We should at least re-calculate this using the new DragonMint miner numbers instead of S9.
P.S.: I think this is a high estimate, because companies like BitFury have access to much more energy efficient asics which they're keeping secret. We should at least re-calculate this using the new DragonMint miner numbers instead of S9.