Quote:
Originally Posted by kevman
Bitcoin mining is something like 1,000kWh a coin. (Or was it per transaction? Minor detail.) That's almost 7,000km of driving in a Model 3 (14.5 kWh/100km google tells me). That's an absurd waste of energy in my opinion.
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Even with recently released mining ASICs, there is barely any operating profit left after electricity costs (unless you get very low industrial rates). For this ASIC that was supposedly just released in June, it's over 400 thousand kWh per coin (assuming difficulty stays the same).
https://www.asicminervalue.com/miner...-s21-pro-234th