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3cham
on Nov 22, 2017
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Bitcoin Mining Now Consuming More Electricity Than...
According to:
https://pubs.usgs.gov/of/2011/1253/report/OF11-1253.pdf
, the approximate energy consumption for mining gold in South Africa was already 26 TWh * 65% = 16.9 TWh in 2005. Bitcoin still has its future ahead :/
Havoc
on Nov 22, 2017
[–]
Which isn't saying much. The entire South African grid is sub 40 GW. Roughly the same as California.
And only a small part of the SA grid goes towards gold mining.
3cham
on Nov 23, 2017
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It says that mining bitcoin is still cheaper than mining gold
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