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Mining costs, impact on long term viability of BTC

It appears to me that electricity costs to mine blocks are rising at an unsustainable rate. Charts of difficulty and network hashes are growing exponentially. This is unsustainable. Currently miners ...
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364 views

A Butterflylabs 5 GH/s Bitcoin Miner running at 270 Watts?

A 5 GH/s Bitcoin Miner is running at around 270 Watt. I tested it with an Wattmeter. Is that a reasonable amount of Watt? In the comparison list on Bitcoin.it it says that those devices are running at ...
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29 views

Which percentage of miners are using ASICs vs GPUs or FPGA? Is it possible to know?

One of the common arguments against Bitcoin is the energy consumed by the network. The total hash-power of the network can be obtained fairly easily, but I'd like to estimate how much of that is due ...
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537 views

Electricity cost of mining

I've checked with my electricity provider, and I have been told the following: Unit Rate (per kWh) = 0.1399USD Standard Charge (per day) = 0.1645USD While mining, if my computer is using 100w ...
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310 views

Is the current network difficulty algorithm appropriate for “Peak transaction-only mining”?

At some point in the future miners will depend more on the Tx fee than per-block payout. Right now people turn on and off their equipment based on local trends such as price of electricity, etc. On ...
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319 views

How do I protect my mining rig from brownouts and electrical surges?

My mining rig consumes 1,250w. What additional information do I need, or how do I shop for a product that will protect me from Brownouts and Electrical surges. I'm not interested in UPS ...