This is a “heat for heat” comparison Gas vs Bitcoin mine heating
Generally, I don’t, but I like to see what the normies are being fed & if it shows my websites.
Who the actual fuck gave Google permission to monitor my computer network and why do I have to verify I’m not a robot ?
Just bought a second hand Electric Vehicle (not a Tesla) with double the range of my previous #EV , this is not at the expense of power because it’s twice as fast. It’s due to a 20% increase in efficiency and 50% more battery
5.1 m/kWh x 64kWh = 326miles
Really liked adjustable regen 0 - 3 and charge the battery up to X % ,great if you live at the top of a hill (you cant regen in to a full battery)
Awesome Carbon cycle infographic
Friends and family with Alexa, Google dot & too smart TVs have become a liability.
What’s the solution ?
Sweep the house beforehand 🤷♂️
Turn your phone off before going 🤷♂️
Bitcoin ends forced investment !
When it comes to climate -
"We're going to need bigger guns".
What if money its self was the core problem ?
What if we could simply just save for retirement & not have to invest ?
What if politicians could NOT simply “print” money to raise an army & take us all to war ?
What if Airlines & Fracking companies were NOT bailed with freshly printed money ?
What if central banks could not print enormous amounts of money give it to the people they dare not say no to.
Waste heat from Bitcoin mining consumes the same amount of electricity as a regular heater & often displacing fossil heating. Switching oil to electric in a Low Carbon Intensity area could reduce heating footprint by up to 90%.
So IF 74% of hash power comes from combined mining heating for 61% of the year (2 winters North + South) ,& the whole world achieves 100gCO₂/kWh (UK target)
BITCOIN NET EMISSION BECOME CARBON NUETRAL !
Bitcoin eWaste per transaction
Some estimates put this at a ridiculous 376g per Transaction (Tr) - er no ❌
Let’s do the maths -
300,000 Tr per day x 365 = 109,500,000 Tr/year
92 tonnes / 109,500,000 = 0.84g eWaste per transaction,
approximately the mass of 1 butterfly 🦋 .
However Transactions are ≈ 2% of block rewards. So only fair to award 2% of ewaste to transactions, the other 98% being awarded to creation of new coins.
0.84g x 2% = 0.0168g = 1 ant 🐜
However, It gets better
Ultimately Lightning transactions will be the norm, of which there may be 10s to 1000s in each channel.
Let’s do more maths -
1 transaction to open a lightning channel & 1 to close, divided by number of transactions in the channel.
g/Tr = ( 🐜+🐜 ) ÷ number of Lightning transactions
( 0.0168 x 2 ) ÷ 100 = 0.000336g
A very small grain of sand perhaps ?
Yet again many unfounded claims about Bitcoin disproved. Such as Dogdyconomists 37,000t of eWaste every year.
Only 60,290 Metric Tonnes of bitcoin mining ASICs have ever been manufactured ! Approximately 65% are still in operation, 23.4% are mothballed awaiting the BTC price to rise, electricity price to fall or waiting for winter as they double up as heating.
Now we have ≈ 11.6% or 6,981 tonnes of mining rigs at end of useful life. Of course, metals are THE most recycled materials, & Bitcoin mines are mostly metal.
After recycling casings, heat sinks & copper coils - (the easy bits) - we are left with roughly 838 t eWaste. Remember this is an ALL TIME figure.
Bitcoin was created in 2009, ASICs didn’t really kick in for a few years, so let’s divide over say 9 years. We are now left with 93 t/year eWaste, circuit boards and plastics that may be further recycled.
We only have to compare that to 6,600,000t eWaste from TVs / Monitorsto see we have much bigger problems. Of course, many of these screens & computers will have come from the Banking & Finance industry - That Bitcoin is offsetting.
While it’s refreshing to finally hear some free speech at last. Let the religion without sin cast the first stone.
World TeraHash x Bitcoin Average J/THash = Watts.
273,947,930 x 26.9 = 7.4 GW
Bitcoin Power Consumption = Watts x Hours/year
Power: 64.6 TWh per year
Bitcoin CO₂ = Power x gCO₂/kWh
CO₂ (Scope 2): 64.6 x 217 = 14 Mt per year
14 - 1.6 Mitigation = 12.4 Mt per year
This is the UK electricity grid predicted (blue) vs actual (orange) carbon intensity gCO2/kWh. So we had a bit of a storm last night resulting in a very low carbon intensity, dropping to 80gCO2/kWh in this example. This was perfectly aligned with my cheap rate time period 12:30am - 4:30pm night time electricity 12p/kWh. So I’m charging the #EVs running the dishwasher and mining 🌽 all on mostly wind power ! 🎸
Global Electric Vehicle sales continue to grow exponentially, by 2022 globally, there were 28M EVs on the road.
Here's a comparison of EV charging vs Bitcoin electricity consumption. While the trajectory of EV electricity consumption is relatively easy to predict, Bitcoin is not so easy, the unknown factors being -
- Government Mining bans
- Government Mining TAX - A tax on electricity would seriously curtail mining that would probably just move somewhere else but could put the country at risk of missing out on a "Bit rich" population that they could TAX later.
Wars
- FINANCIAL APOCALYPSE that many have predicted since forever actually happens.
Predictable factors -
- HALVING/ HALVENING of the block reward. Half the reward may mean half the mining equipment is turned off, however, if the price of bitcoin triples, mining may continue at the same level or even expand.
bitcoinpowerconsumption.info
It takes 4.5kWh to refine 1 gallon(UK) of fuel. A Tesla can travel 23 Miles (37km) on that. We have enough electricity for #EV s if we stop refining fossil fuel.
Here’s my latest comparison of Bitcoin mining to EVs cars MT CO₂
Also is show emissions saved by substituting EV for I.C.E
