- Jan 27, 2013
- Reaction score
- Sydney, Australia ~ Shenzhen, China
- Dash Cam
- Too many ¯\_(ツ)_/¯
I've got a mate that mines and he makes an average of USD $70 a day per computer (after his costs), he is sitting on 16 coins as well that were purchased for 15k in 2017 which is a bigger profit than he is ever going to make from miningSome people doing really well making money from bitcoin, but where does all the money to pay for the cards and electricity actually come from?
How could a government do anything about it?
Maybe the United Nations can do something?
Maybe ban the sale of graphics cards
Or introduce a personal limit on the amount of electricity any one person can consume
But yeah why the hell go all green with electric cars, and then support something like bitcoin, which at best only offer a alternative to something we already have.
There may be more to it than that- Bill Gates and Warren Buffet for instance. But having seemingly endless cash reserves does allow one to do dam# near whatever they wish to do so if they ever had wild ideas those will probably emerge.It is becoming more and more clear, if it wasn't already, that accumulating billions of dollars in wealth to the point of being one of the richest people in the world causes serious brain damage.
when he was mining coins would have been at around $400, but they were attained much faster, even with much more capable hardware it takes longer to generate a coin now as that's the way it works, but the coins are worth much more, right now mining is profitable again, the goal posts are ever shifting thoughA friend who runs a website spent a few years mining Bitcoin using old servers and a couple new ones. This was about 5 years ago. When he checked the figures, he determined that he was indeed making a profit but only a small one when you considered the amortization of the servers and their lifespan. It wasn't worth his time so he pulled out. On a large enough scale, there's lots of money to be made mining Bitcoin but it takes lots of money to get to that level to start with. It's a rich man's game and most of them care only about their profits, not climate change
The electricity use comparison is not a reasonable one. In France it is normal to heat your home using electricity, which is CO2 free since their electricity comes mainly from nuclear with a bit of wind, in UK we normally use gas to heat homes but still use some electricity to power circulation pumps, but our electricity is low CO2 since we no longer use coal and have a lot of wind, in Denmark it is normal for the heat to arrive in pipes, not requiring any electricity, but I think you are using a lot of coal to heat the water making it high CO2 heat, and in Nigeria I don't think they use much power for heating so it produces very little CO2 from heating...The average American use about 82 gallons of fresh water every day, in Denmark that number is 30 gallons.
A single Dane on average use 1600 KWH of electricity a year, which cost him 3400 DKkr / 547 USD, the number for the average family of 2 adults and 2 kids are 4400 KWH for a cost of 9400 Dkkr / 1500 USD
In the US the average power use for one person is about the same as the Average Danish family, 4500 KWH,,,, the Danes of North America the Canadians actually use even more it seem.
Mind you other places i look come up with significant other numbers of power use for both Danes and Americans.
I think the lesson is, we can all do better as some Aussie comedian say
Scientists have developed a light-reflecting "ultra-white" paint, which they say could negate the need for air conditioning and even reduce carbon emissions, if used on a mass scale. The paint, developed by engineers at Purdue University in Indiana as part of a six-year project, is capable of reflecting up to 98.1% of sunlight and therefore has the ability to cool buildings, according to a press release.
This month of April, though not over yet, but whats seen so far and what is in the forecast, it will probably be the coldest April for Danes in 35 years.
So much for global warming.
Normal spring temperatures are like 600 Km from Denmark, and are not scheduled to come near us anytime soon