12 Apr '13, 8pm

What Bitcoin teaches us about the Internet’s energy use

What Bitcoin teaches us about the Internet’s energy use

Comments Tweet More Over at Bloomberg, Mark Gimein calls Bitcoin — yes, Bitcoin — an “environmental disaster.” Why? Because all that processing power used to mine for new Bitcoins requires a staggering amount of energy: Mining is a process in which powerful computers create Bitcoins by solving processor-intensive equations. … Blockchain.info, a site that tracks data on Bitcoin mining, estimates that in just the last 24 hours, miners used about $147,000 of electricity just to run their hardware, assuming an average price of 15 cents per kilowatt hour … That’s enough to power roughly 31,000 U.S. homes, or about half a Large Hadron Collider. It’s a stunning stat, but does this really count as a “disaster”? That’s less clear. After all, we need to consider the counterfactural: Is it possible that these computers would be used for other activities and calculations anyway, if th...

Full article: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/04/1...

Tweets

Bitcoin or bit-con? Meet the crypto-currency th...

thejournal.ie 13 Apr '13, 8am

Bitcoin’s volatility makes it quite difficult to use as a currency at the moment, even as it sees more widespread acceptan...

Bitcoin energy costs soaring: Bitcoin miners us...

bbc.co.uk 15 Apr '13, 12pm

15 April 2013 Last updated at 12:31 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Bit...

SEO Traffic Lab Exhibit at Internet World 2013

promotionworld.com 12 Apr '13, 3pm

Contact Us | Sitemap | Corporate | Advertise | Privacy policy | User Agreement

Bitcoin energy costs soaring

Bitcoin energy costs soaring

bbc.co.uk 15 Apr '13, 12pm

15 April 2013 Last updated at 12:31 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Bit...

Remember our April #energyefficiency tip! Keep ...

ase.org 14 Apr '13, 7pm

Start 2013 off right! Make a plan to be energy efficient every month of the year with our 12 energy-saving tips. New Year,...

Bitcoin energy costs soaring

bbc.co.uk 15 Apr '13, 12pm

15 April 2013 Last updated at 12:31 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Bit...

I'm sorry to hear that. Please use so we can in...

simplygo.com 12 Apr '13, 3pm

Here at Go North East we aim to provide the highest quality services for our customers. We are always pleased to hear of c...

US Army sees efficient #energy use as mission critical,

US Army sees efficient #energy use as mission c...

army.mil 11 Apr '13, 11am

WASHINGTON (Army News Service, April 10, 2013) -- The Army is implementing ways to use energy more efficiently to protect ...

is Back

dotweekly.com 13 Apr '13, 4pm

Cherish them all really, because they can often be few and far between… and they can even appear to stop! The larger and m...

Bitcoin is ludicrous, but it tells us something...

washingtonpost.com 12 Apr '13, 5pm

Comments Tweet More There was a great piece in the satirical news source The Onion a few years ago in which it “reported” ...

This is briliant! "The Internet: Illustrated"

i-am-bored.com 12 Apr '13, 4pm

The Internet: Illustrated [Pic]. Xzibit wins this round, but can you name `em all? [Plus, I haven`t been around much these...

Good to see that energy use behaviour will be factored into this study:

Good to see that energy use behaviour will be f...

breeam.org 18 Apr '13, 10am

news from BRE published: 4/4/2013 BRE begins major new research project into Britain's homes BRE has been appointed to car...

US can use Philippines bases in war with North ...

globalsecurity.org 13 Apr '13, 10pm

US can use Philippines bases in war with North Korea: Philippine Foreign Minister Iran Press TV Sat Apr 13, 2013 4:42PM GM...