Post
Topic
Board Web Wallets
Re: Blockchain.info - Bitcoin Block explorer & Currency Statistics
by
solex
on 23/11/2013, 22:20:32 UTC
The mining profit and electricity consumption stats are said to be based on electricity consumption of 600 w/gigahash. This is out of date by factor of at least  100 . Can you update? (Block Erupters are about 7.5 w/ghs and some of the newer ASICS are under a watt). Otherwise the false impression is being given that the network is hugely inefficient in terms of electricity consumption, which is unfortunate.

The electricity cost on the existing chart could either be changed a certain date when the first ASICs became available (1st Feb 2013?) or a new chart started for only ASICs . Not sure which would be better.

I have seen a few news articles mention how wasteful Bitcoin is of electricity, and I think they are using this data and not understanding that ASICs are much more efficient.  Could the consumption estimate be reduced by at least 100x commencing from March 1st 2013 when ASICs became a significant fraction of network hashing power?

Great site and good work guys!