LinuxQuestions.org
Welcome to the most active Linux Forum on the web.
Go Back   LinuxQuestions.org > Forums > Non-*NIX Forums > General
User Name
Password
General This forum is for non-technical general discussion which can include both Linux and non-Linux topics. Have fun!

Notices


Reply
  Search this Thread
Old 11-08-2018, 11:04 PM   #1
RandomTroll
Senior Member
 
Registered: Mar 2010
Distribution: Slackware
Posts: 1,032

Rep: Reputation: 166Reputation: 166
`"Mining" Bitcoin takes more energy than mining gold '


Quote:
'Independent researchers Max Krause and Thabet Tolaymat calculated that it takes about 17 megajoules of computer power to generate US$1 in Bitcoin, even when the energy used for peripheral activities, such as cooling computers, is not factored in. By comparison, it takes 5 megajoules to mine US$1 in gold and 7 megajoules to mine an equivalent value of platinum. Aluminium-mining energy requirements, at 122 megajoules, topped the researchers' list.


Over 30 months from 2016 to 2018, the authors report, Bitcoin mining produced an estimated 3 million to 13 million tonnes of carbon dioxide. That range does not account for mine operation and maintenance; even so, it is roughly equivalent to the range of carbon dioxide produced by about 1 million cars, although it is still less than 0.01% of global emissions.'
http://www.nature.com/articles/d41586-018-07283-3
 
Old 11-09-2018, 05:05 AM   #2
ondoho
LQ Addict
 
Registered: Dec 2013
Posts: 10,178
Blog Entries: 7

Rep: Reputation: 2517Reputation: 2517Reputation: 2517Reputation: 2517Reputation: 2517Reputation: 2517Reputation: 2517Reputation: 2517Reputation: 2517Reputation: 2517Reputation: 2517
...so bitcoins are more precious than gold... /s
 
Old 11-09-2018, 09:16 PM   #3
frankbell
LQ Guru
 
Registered: Jan 2006
Location: Virginia, USA
Distribution: Slackware, Debian, Mageia, and whatever VMs I happen to be playing with
Posts: 14,268
Blog Entries: 24

Rep: Reputation: 3893Reputation: 3893Reputation: 3893Reputation: 3893Reputation: 3893Reputation: 3893Reputation: 3893Reputation: 3893Reputation: 3893Reputation: 3893Reputation: 3893
More expensive than gold, more like.
 
Old 11-09-2018, 10:58 PM   #4
ntubski
Senior Member
 
Registered: Nov 2005
Distribution: Debian, Arch
Posts: 3,388

Rep: Reputation: 1553Reputation: 1553Reputation: 1553Reputation: 1553Reputation: 1553Reputation: 1553Reputation: 1553Reputation: 1553Reputation: 1553Reputation: 1553Reputation: 1553
Quote:
Originally Posted by frankbell View Post
More expensive than gold, more like.
Like how aluminium is more expensive than gold? Something seems a bit off about this metric...
 
Old 11-09-2018, 11:28 PM   #5
frankbell
LQ Guru
 
Registered: Jan 2006
Location: Virginia, USA
Distribution: Slackware, Debian, Mageia, and whatever VMs I happen to be playing with
Posts: 14,268
Blog Entries: 24

Rep: Reputation: 3893Reputation: 3893Reputation: 3893Reputation: 3893Reputation: 3893Reputation: 3893Reputation: 3893Reputation: 3893Reputation: 3893Reputation: 3893Reputation: 3893
Aluminum is at least tangible and useful.

As P. T. Barnum is reputed to have said, "There's one born every minute."

And if that one has a computer, he or she will mine bitcoins.

(I have read that Napoleon once had a banquet at which the meals were served on aluminum dishes, because, at the time, an economical way of refining bauxite had not yet been developed, so the service was quite ostentatious.)
 
Old 11-09-2018, 11:57 PM   #6
RandomTroll
Senior Member
 
Registered: Mar 2010
Distribution: Slackware
Posts: 1,032

Original Poster
Rep: Reputation: 166Reputation: 166
Quote:
Originally Posted by ntubski View Post
Like how aluminium is more expensive than gold?
Not more expensive, but requiring more energy.


Quote:
Originally Posted by frankbell View Post
Aluminum is at least tangible and useful.
About 5% of gold's value is tangible and useful, in electronics, medicine, teeth...

Quote:
Originally Posted by frankbell View Post
(I have read that Napoleon once had a banquet at which the meals were served on aluminum dishes, because, at the time, an economical way of refining bauxite had not yet been developed, so the service was quite ostentatious.)
Before they figured out to electrolyse bauxite in a bath of molten cryolite alumin(i)um was as expensive as gold.
 
  


Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off



Similar Threads
Thread Thread Starter Forum Replies Last Post
[SOLVED] crypto mining software, altcoin mining jimonlinux Linux - Software 4 04-25-2018 02:58 PM
[SOLVED] Bitcoin mining cgminer help CincinnatiKid Linux - Software 6 08-22-2017 03:52 PM
Bitcoin-qt, Bitcoin Mining, and Tor in Slackware 14.1! deadstar32 Linux - Software 1 02-06-2016 02:04 PM
LXer: Bitcoin mining node deployment made easy with docker LXer Syndicated Linux News 0 10-15-2015 11:00 AM

LinuxQuestions.org > Forums > Non-*NIX Forums > General

All times are GMT -5. The time now is 11:31 AM.

Main Menu
Advertisement
My LQ
Write for LQ
LinuxQuestions.org is looking for people interested in writing Editorials, Articles, Reviews, and more. If you'd like to contribute content, let us know.
Main Menu
Syndicate
RSS1  Latest Threads
RSS1  LQ News
Twitter: @linuxquestions
Facebook: linuxquestions Google+: linuxquestions
Open Source Consulting | Domain Registration