Re:CFTC Orders Coinbase Inc. To Pay $6.5M Penalty
by ac29 on Saturday March 20, 2021 @08:19AM
(#26522683)
Lets do a thought experiment: lets say you wanted $10,000 worth of bitcoin, and it costs an equal amount of electricity to mine. At 10c/kWh, thats 100,000kWh of electricity. There are ~720 hours in a month, so you need to be pulling 138kW 24/7 for a month to use up that much electricity. Is that realistic for a typical home? (spoiler: no)
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