Bitcoin mining is being banned in countries across the globe

Re:Bitcoin mining is being banned in countries across the globe by dw64 on Monday January 10, 2022 @10:51AM (#29876652)

I've had an ASIC miner (the only viable way to mine Bitcoin) at home for testing purposes and you can rest assured, that the power usage and noise profile of those devices is incomparable to any home purpose device. We're talking 3 kW constant load, meaning 26 MWh or 26,000 kWh per year. Per capita electricity usage in Europe is around 5,600 kWh per year [1], that is about ~4,6 times less, including your whole gaming setup all other appliances.

Also, the noise of the fans required to cool such an electric load will get you thrown out of any apartment complex fast, not even considering that this heat is dissipated into your living room which would lead to somewhat uncomfortable room temperatures of over 30°C even in the coldest of winters.

What you're probably thinking about is GPU-based mining, but that has nothing to do with Bitocin.

[1] https://www.statista.com/statistics/1262471/per-capita-elect...

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Re:Bitcoin mining is being banned in countries across the globe by 0x64 on Monday January 10, 2022 @10:55AM (#29876725)

>A typical single-person household utilizes around 2-3 kWh per year, that is about ~1,000 times less, including your whole gaming setup all other appliances.

What do you base your 2-3 kWh number on? Because there's literally no way that's true. A fridge alone consumes close to 200 kWh.

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Re:Bitcoin mining is being banned in countries across the globe by dw64 on Monday January 10, 2022 @11:04AM (#29876859)

Fixed that number some minutes after posting, missed a couple of magnitudes there :)

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Re:Bitcoin mining is being banned in countries across the globe by mattalex on Monday January 10, 2022 @11:01AM (#29876821)

The antminer S19j (the j is important) consumes about 3.2kW at 90TH/s

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