What is the cheapest energy tariff for bitcoin mining ...

HydroMiner

Bitcoin mining with hydro power. Using hydro power stations in the Alps region, we reach one of the lowest prices per kilo Watt in Europe. In fact, our cost of electricity is currently 85% lower than the average in Europe.
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Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by maxwellhill to science [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

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Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by maxwellhill to Futurology [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by BrodieDigg to Silverbugs [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by maxwellhill to energy [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by sirboozebum to neoliberal [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals • r/science . Calling all cryptobros to defend this worthless shit

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Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by Kunphen to Astuff [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by worldnewsbot to theworldnews [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by nbhatt_10 to u/nbhatt_10 [link] [comments]

Bitcoin mentioned around Reddit: Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals /r/science

Bitcoin mentioned around Reddit: Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals /science submitted by cryptoallbot to cryptoall [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by Kunphen to EcoNewsNetwork [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals - r/science

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals - science submitted by mappersdelight to Linky_links [link] [comments]

/u/rupertbayern responds to: Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals [+31]

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Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by unremovable to unremovable [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by unremovable to unremovable [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

This is the best tl;dr I could make, original reduced by 57%. (I'm a bot)
The amount of energy required to "Mine" one dollar's worth of bitcoin is more than twice that required to mine the same value of copper, gold or platinum, according to a new paper, suggesting that the virtual work that underpins bitcoin, ethereum and similar projects is more similar to real mining than anyone intended.
One dollar's worth of bitcoin takes about 17 megajoules of energy to mine, according to researchers from the Oak Ridge Institute in Cincinnati, Ohio, compared with four, five and seven megajoules for copper, gold and platinum.
All the cryptocurrencies examined come off well compared with aluminium, which takes an astonishing 122MJ to mine one dollar's worth of ore.
The new paper is the first to look at the mining efforts from the point of view of energy cost per dollar benefit.
"The comparison is made to quantify and contextualise the decentralised energy demand that the mining of these cryptocurrencies requires," the authors write, "And to encourage debate on whether these energy demands are both sustainable and appropriate given the product that results from relatively similar energy consumption."
To account for the wild fluctuations in cryptocurrency price, and therefore effort expended by miners, the researchers used a median of all the values between 1 January 2016 and 30 June 2018, and attempted to account for the geographic dispersal of bitcoin miners.
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Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals - November 05, 2018 at 08:51PM

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals - November 05, 2018 at 08:51PM submitted by JTTBot to JustTheTopNews [link] [comments]

Bitcoin mentioned around Reddit: Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals /r/science

Bitcoin mentioned around Reddit: Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals /science submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals

Energy cost of 'mining' bitcoin more than twice that of copper or gold: New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals submitted by KellyfromLeedsUK to BreakingNews24hr [link] [comments]

Making $114 per day mining Bitcoin and Litecoin in Jakarta, where electricity costs only 3c per kilowatt hour.

Making $114 per day mining Bitcoin and Litecoin in Jakarta, where electricity costs only 3c per kilowatt hour. submitted by damian2000 to Cyberpunk [link] [comments]

One Bitcoin mining cost per country based on electricity bill

One Bitcoin mining cost per country based on electricity bill submitted by BrunoCerqueira to CryptoCurrencies [link] [comments]

Bitcoin Energy Consumption: An Inside Look Bitcoin Q&A: Energy Consumption - YouTube Is Mining Bitcoin with Solar Power Really Worth Your Money ... Mining 2.0-Zero Cost Electricity Daily 1080ti Cryptocurrency Mining Electricity Costs

Using your computer for bitcoin mining consumes approximately 40 kWh per week. These kWh will cost you €4.25, but with the right rate, they could be totally free. Once you have all that you are going to need electricity - a lot of electricity. Bitcoin mining consumes energy - globally, a huge amount of energy. In his original white paper on the cryptocurrency, Satoshi Nakamoto noted the following about the cost of mining for new coins. "In our case, it is CPU time and electricity that is expended". So basically, mining is using a computer to turn ... Well, Bitcoin mining can be done anywhere, and since electricity bills make up for 60% of the cost of mining a single coin, as indicated by Alex de Vries, miners are flocking to places which offer the lowest-priced electricity with favourable climates. (Price per KWh * Electricity consumed per transaction * number of transactions per block) / Bitcoins per Block . This gave us a price in cents so we divided by further 100 to get a price in US dollars. The map was created using MapChart.net. List of Electricity Cost Of Mining One Bitcoin By Country Total value of mining rewards (including fees) per year. Ann. Electricity Costs . $3,752,321,115. Assuming a fixed rate of 5 cents per kilowatt-hour. Cost percentage. 73.14%. Estimated ratio of electricity costs to total miner income. Note that one may reach different conclusions on applying different assumptions (a calculator that allows for testing different assumptions has been made ...

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Bitcoin Energy Consumption: An Inside Look

NEW CHANNELS: TechStockHouse: https://www.youtube.com/channel/UC8IzbdgN-IDXlWH0dNdgGag TechCryptoHouse: https://www.youtube.com/channel/UCp7Gqpl9Kqiggr_Rs03X... What’s the physical cost of a digital currency? The amount of energy that Bitcoin mining consumes is about the same amount as some medium-sized countries – and that will only increase. Is the "energy consumption" in mining a problem? Mining is a business of arbitrage for the cheapest sources of electricity. Proof-of-work mining is contribut... bitcoin mining with low electric cost - Duration: 1:21. Bitcoin Miner Pakistan 803 views. 1:21. Why Ethereum is the MOST PROFITABLE & MOST IMPORTANT Coin for MINING?! - Duration: 21:01. ... The electricity required for a single Bitcoin trade could power a house for a whole month. Bitcoin transactions use so much energy that the electricity used ...

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