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