Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
philipma1957
on 15/09/2020, 19:10:11 UTC
An interesting question just popped in my mind:
How much kWh was used to create the current Blockchain?
Should be somehow possible to calculate it based on the given mining hardware and mining difficulty.

https://twitter.com/blockbain/status/1305539345991036933



a fair few

This is actually what matters. Energy spent and not hash power as so many take as main metric of how secure bitcoin network is. Hash power keep increasing because better and better ASIC miners gets built. But if energy put into securing Bitcoin network stays same that means that no matter how high hash power will go the network is same secure as before. The main problem is what also is said in the tweet. These numbers are just his estimations. It is much easier find a hash power number then to calculate energy spent.  Actually even better metric would be money spent to pay electricity spent for mining. Perfect but even harder to get metric.

Yeah except he is too high. he has 96,029,700 mega watts per 2020 year that would be 263,095 mega watts per day or 10,962 megawatts an hour.

my 2020 hourly estimate was about 7100 megawatts on the high side based on 50 watt per th gear.
my 2020 hourly estimate was about 5670 megawatts on the low side. based on 40 watt per th gear.

he used  70-75  watt per th gear  and I do not think that is accurate

still whether we use 5,700 mega watts an hour
or 7,100 megawatts an hour ------ my best guess for now

or 10,900 megawatts an hour

it is a lot of energy per hour.