Re:Bitcoin miners are buying power plants
by throwaway271818 on Friday April 16, 2021 @07:10AM
(#26832407)
Ah, but they’re calculating e-waste in the form of specialized mining hardware (ASIC) that, at present, goes obsolete every few years.
The e-waste generated this way is not an intrinsic cost of handling a transaction, since the hardware could hypothetically be reused or recycled. It seems unwise to think of it as an irreducible cost per txn, rather than a dynamic figure that would likely improve over time (especially if the carbon externality were appropriately taxed)
But is it recycled? From what I understand it cannot be reused as a device, it has to be reprocessed to extract metals and such. So the value is pretty low and losses are high.
Re:Bitcoin miners are buying power plants
by celticninja on Friday April 16, 2021 @04:19AM
(#26831074)
This is a better index and not run by someone with an axe to grind
https://cbeci.org/
Re:Bitcoin miners are buying power plants
by arcticbull on Friday April 16, 2021 @12:28PM
(#26835924)
The number you link is 43% higher.
Looks like they, in turn used this reference [2].
[1] https://digiconomist.net/bitcoin-energy-consumption/
[2] https://www.cell.com/joule/fulltext/S2542-4351(19)30087-X