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3
votes
1answer
46 views

All else being equal which is better for the environment, Litecoin or Bitcoin?

Does scrypt mining inherently confer any environmental benefit or energy efficiency for the same level of service provided?
8
votes
1answer
438 views

Can it really be true that the Bitcoin system consumes almost $1.000.000 in electricity per day?

So I've been trying to figure out how much running the Bitcoin system really costs using the following numbers: Total Bitcoin Hash Rate: 300.000.000 GH/s Hashrate of an ANTMINER S4 (currently one ...
2
votes
3answers
165 views

Mining costs, impact on long term viability of BTC

Given the rapidly rising difficulty level and electricity consumption/$30 cost per transaction, is the protocol sustainable as-is, and if not what is most likely to happen in the evolution of BTC.
1
vote
3answers
5k views

Bitcoin mining by using solar energy. Is it possible? [closed]

I have a peculiar question concerning about bitcoin mining, for example, in Brazil it is unfeasible due to the high cost of electric power. Is it possible to do mining by using solar energy? Does ...
1
vote
1answer
562 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 ...
1
vote
0answers
35 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 ...
2
votes
1answer
604 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 ...
6
votes
7answers
501 views

Will the energy cost and deflationary nature of Bitcoins doom the currency to obscurity?

I couldn't find enough questions that ask this head-on1, so consider that if: Bitcoins are designed to reflect the deflationary characteristics of a specie currency; and The distributed nature of ...
4
votes
1answer
2k views

mining profitability understanding

I am a beginner looking into bitcoin mining. I don't want to waste time (or electricity) so I started looking into hardware mining rigs, for example: Saturn priced at $3000 USD, 275GH/s, consumes ...
-1
votes
1answer
51 views

Are there any example of Bitcoin being used for IOT application?

I am looking for examples of Bitcoin mining being integrated into embedded systems so that a by product of the services being provided is more Bitcoins. For example if I have a control system for a ...
3
votes
6answers
5k views

How much energy will the Bitcoin network eventually consume? [duplicate]

A recent Bloomberg article stated that the Bitcoin network currently consumes about half as much energy as the Large Hadron Collider or enough to power 31,000 US homes. Even if the article is way off ...
6
votes
3answers
363 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 ...
2
votes
1answer
344 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 ...
17
votes
4answers
5k views

Will mining significantly increase the power consumption of my PC?

I have a PC that is always on 24/7. I use it as an SSH and backup server, and it has a modest, not-too-great GPU that sits idle most of the time. I hear a lot of talk about mining not being ...