Quote from: bee7 on February 02, 2014, 09:18:16 PM

Quote from: emergingcoin on February 02, 2014, 03:46:35 PM

Aha, so all windmills will be used for bitcoin mining.

That is a stupid future.

I mean this energy problem could really harm the bitcoin.

This is stupid delusion.

Quote from: bee7 on November 25, 2013, 03:29:21 AM

Quote from: SquashJ on November 25, 2013, 03:15:27 AM

While it's true that printing money and manufacturing coins takes a lot of resources, some have criticized Bitcoin for consuming resources unnecessarily.

According to the ATM Industry Association there are about 2.5 million ATMs installed in the World presently. Let's think that the most time each ATM consumes 100W (definitely not less than 100W as it is not a simple motherboard with just a CPU installed). This means all ATMs are consuming 6000MW a day at least. Most time they are doing nothing but waiting for a customer. Is it a waste of the resources or useful spending?

update to my post cited above: the ATMIA withdraw the page I linked to. Here is some replacement: https://www.atmia.com/news/?detail&id=154
The present network power is 19,303,048.14 GH/s according to blockchain.info. Assuming that modern mining equipment draws 1W per Gh the whole bitcoin network consumes 463.27315536 MW a day.

Well, if the bitcoins is here to stay....the exponential growth (GH/s) will ultimately be 20.000MW in the year 2017 allready. https://blockchain.info/nl/charts/hash-rate

Good luck bitcoin! If we keep believing it will happen indeed!

emergingcoin

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