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Topic
Board Pools
Re: [30+PH] KanoPool kano.is BEST 0.9% fee PPLNS US,DE,SG,JP,NL,NYA 🐈
by
Biodom
on 07/01/2018, 05:35:19 UTC

So a million S9's use 1,400 million Watts of power, or 1.4 GigaWatts of power.  


The total annual electric energy generated by humanity is about 24,000 TeraWatt-hours.  (wikipedia)


Final improved calc (I also made a mistake in original calc)

1.4 Gwh for miners
2.31 TWh (2310 Gwh) continuous average for Earth
see https://en.wikipedia.org/wiki/Electric_energy_consumption
1.4/2310=0.0006 or 0.06%
maybe if you count less efficient miners, the real number is 50% higher (although I doubt it because old miners like S7produce 3-4 times less than S9) to 0.1%

0.1% is max, with 0.07-0.075% being more realistic.

However, banks consume at least five times more energy:
https://www.bitsonline.com/bitcoin-vs-banks-uses-energy/