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RE: How much energy does it take to mine one Bitcoin? (March 2018)

in #bitcoin7 years ago

Hey, @penguinpablo, thanks for indirectly confirming an estimate that was widely bandied about - that bitcoin mining consumes about as much electricity as Ireland - in 2014.

However, one might want to put that in perspective. A single nuclear power plant, the one from Cattenom in France for instance, produces 45% more electricity than the whole bitcoin mining consumes.

If I had the Winklevoss billions I would probably try to go the Canadian great North, in the North Western territories. There's uranium, water to cool down the reactors and barely a soul for hundreds of miles around.
canadagreatnorth.PNG
I would build a nuclear power plant to feed the mother of all bitcoin mining operations, connecting to the internet via satellite uplink.

Yeah, right. And while I'm dreaming, I would like a 1969 Mustang convertible too ...
p79459_large+1969_Mustang_GT_Convertible+Front_Passenger_Side.jpgcredit