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Re:Do we really need to run a power station just for Bitcoin? by dllthomas on Tuesday November 19, 2013 @02:01PM (#6763501)
It's true that it's not a fair comparison. The corresponding fair comparison is interesting, though. The thing I worry about is long term. As technology gets better, running banks should become more energy efficient. Because bitcoin mining is inherently competitive, it can't become more efficient in aggregate - if it's cheaper per hash, people will generate more hashes (and/or the difficulty will rise).

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