Re:Cambridge Bitcoin Electricity Consumption Index
by leeoniya on Wednesday February 10, 2021 @10:18AM
(#26090244)
aka https://en.m.wikipedia.org/wiki/Jevons_paradox
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Re:Cambridge Bitcoin Electricity Consumption Index
by betterunix2 on Wednesday February 10, 2021 @10:52AM
(#26090788)
Nope, not the same. Bitcoin mining does not "produce" hashes, it "produces" Bitcoin blocks. All that changed with the improvement in hashing speed is the number of hashes that must be computed before a block is added to the block chain.
Re:Cambridge Bitcoin Electricity Consumption Index
by leeoniya on Wednesday February 10, 2021 @10:52PM
(#26098069)
i dont follow. moving from cpu to gpu to fpga to asics (each a gain in efficiency) did not reduce electricity consumption, because it in effect accelerated the rate at which the hashing complexity was raised by the network, in effect negating up any efficiency gains. that's exactly the phenomenon.