Re: how much does it cost to "produce" 1 BTC currently? and how much power is used?

Quote from: dio on May 17, 2011, 12:03:48 PM

thanks! so one could assume that at 160% it consumes about 1.85 Megawatts continuously?

If you continue the assumption that 1W ~ 1MH/s then you just need to look at the current hash rate of the network...
Roll Eyes

Maybe calculate with 1,5W on average though, as nVidia/CPU miners are the big unknown part here. This would lead to ~3 Megawatts used by bitcoin atm. 1 single offshore-wind turbine can create 5 MW as a comparison.