Post
Topic
Board Speculation
Merits 2 from 1 user
Re: Hypothesis - bitcoin price is directly related to electricity consumption
by
philipma1957
on 24/03/2021, 18:07:30 UTC
⭐ Merited by stompix (2)
All have ignored the lowest power used to get a BTC is using the linzhi eth miner.

it burns 3300 watts and earns 250-270 usd worth of eth.

the s19pro burns 3300 watts and earns 40 usd worth of btc.

So how many asdic eth miners are going on line to mine eth and auto convert to btc.

Answer bigly amount.

Jan 1        280,000 gh
March 23  440,000 gh

so 160,000 gh is now burning power added since Jan 1

We know some are gpus and some are asics but all this power has been added in under 90 days. Since jan 1.

Bitmain has added 2 new huge cloud mining setups.

And power is shifted to eth since 270 usd in coin vs 40 usd in coin for same 3300 watts of power.

do the math it is a lot of power.

160,000 gh is 1.6 million 3080 gpus or 255 x 24 = 6 kwatts a day for each card which is

10 million kwatts a day. The op and all posters ignore this power added.

that is about all the power needed daily to run NYC