follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Author Topic: Bitcoin mining and electricity  (Read 11070 times)

Offline Carbitcoin

  • Legendary
  • *
  • Activity: 1377
  • points:
    41820
  • Karma: 135
  • Binance #SWGT and CERTIK Audited
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 20, 2024, 04:26:50 PM
    • View Profile

  • Total Badges: 23
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary Quick Poster
Re: Bitcoin mining and electricity
« Reply #30 on: March 18, 2021, 05:42:38 PM »
The major problems of bitcoin mining is the the losses of energy specially loses if electrical and fuel energizes. Most of the countries are opposited Bitcoin mining so that it already cost it's energy / electric power.
The fact is that most of the electricity is spent not only on powering computing systems, but also on cooling them. A friend of mine owns a mining farm at home and needs a strong enough air circulation system to dissipate the heat. Although in winter it is possible to save and this heat can be used to heat living quarters.
SWG.IO.
Smart World
Global Token
.
▒▒▒▒▒▒▒▒▒▒▒▄██▄
▒▒▒▒▒▒▒▒▒▄██████▄
▒▒▒▒▒▒▒▄██████████▄
▒▒▒▒▒▄█████▀▒▒▀█████▄
▒▒▒▒▒▀██▒▒▒▄▄▒▒▒▀█▀▒▒▒
▄███▄▒▒▒▒▒▄████▄▒▒▒▒▒▄███▄
▀██▀▒▒▒▒▒▀████▀▒▒▒▒▒▀██▀
▒▒▒▒▒▒▄██▄▒▒▀▀▒▒▄██▄
▒▒▒▒▒▀█████▄▒▒▄█████▀
▒▒▒▒▒▒▒▀██████████▀
▒▒▒▒▒▒▒▒▒▀██████▀
▒▒▒▒▒▒▒▒▒▒▒▀██▀
BINANCE
#SWGT
.
█▀▀▀










█▄▄▄
.BUY NOW.
▀▀▀█










▄▄▄█
███  ICOHOLDER  ███
✅ TOP-3 PRE-SALE
✅ 4.45 RATING
.

Altcoins Talks - Cryptocurrency Forum

Re: Bitcoin mining and electricity
« Reply #30 on: March 18, 2021, 05:42:38 PM »

For Monthly biddings Check Here


Offline pelana vreo

  • Legendary
  • *
  • Activity: 1943
  • points:
    40235
  • Karma: 63
  • Trade Count: (0)
  • Referrals: 2
  • Last Active: January 13, 2024, 02:29:40 AM
    • View Profile

  • Total Badges: 23
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Bitcoin mining and electricity
« Reply #31 on: March 18, 2021, 10:36:19 PM »
Huge electric power is always needed to do Bitcoin mining, everything will be calculated based on how many units of mining equipment you have.
If the mining equipment requires an overall power supply of 350Kva (this is a lot of power to power at least 10 AC units with 20pk capacity) then miners spend around $4500 usd / month powering all the units.
In my opinion, this number is still small compared to several large manufacturers that have large-scale machines to operate production machines

Offline Bit

  • Sr. Member
  • *
  • Activity: 665
  • points:
    8319
  • Karma: 65
  • Making Smart Money Work
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 29, 2021, 12:32:19 AM
    • View Profile

  • Total Badges: 21
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Bitcoin mining and electricity
« Reply #32 on: March 18, 2021, 11:38:07 PM »
Electricity becomes the main reason why mining is always hard to do. However, for those who are very common in mining and gt many profits, the electricity is no longer matters. In this case, we can see how strong Bitcoin with its all advantage.
█████▄
██▀   ▀██
██     ██
▀██▄ ▄██▀
▄████▄   ▀███▀   ▄████▄
▄██▀  ▀██▄▄████▄▄██▀  ▀██
██       ███   ███       ██
██▄  ▄██▀▀████▀▀██▄  ▄██▀
▀████▀   ▄███▄   ▀████▀
▄██▀ ▀██▄
██     ██
██▄   ▄██
▀█████
          ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄    ▄▄▄▄    ▄▄
Prasaga
                                                    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄    ▄▄▄▄▄▄▄▄▄
████████████████▄
██████████████████▄
████████████████████▄
█████████████████████
█████████████████████
█████████████████████
█████████████████████
█████████████████████
█████████████████████
█████████████████████
█████████████████████
█████████████████████
█████████████████████
WHITEPAPER    
►  TECH WP
►  COMMERCIAL WP
►►  Powered by
BOUNTY
DETECTIVE

Offline sampoerna

  • Legendary
  • *
  • Activity: 2000
  • points:
    45831
  • Karma: 250
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 25, 2024, 02:05:29 PM
    • View Profile

  • Total Badges: 24
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Bitcoin mining and electricity
« Reply #33 on: March 19, 2021, 11:31:31 PM »
This always becomes two things that cannot be separated. As we know, Bitcoin mining always needs electricity in order to run their mining and also getting the mining n this case, higher the power, mining will be better. That is why mining and electricity are ways related and we may feel difficult to get the power for mining.

Offline Stuart

  • Hero Member
  • *
  • Activity: 1161
  • points:
    11855
  • Karma: 22
  • FRX: Ferocious Alpha
  • Trade Count: (0)
  • Referrals: 2
  • Last Active: March 02, 2023, 08:45:36 PM
    • View Profile

  • Total Badges: 23
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Bitcoin mining and electricity
« Reply #34 on: March 20, 2021, 12:40:21 AM »
The cost of mining bitcoin is generalized to the energy used for mining. The form of mining is completely based on power source, and to really get some substantial amount, more energy will be utilized on daily basis. This completely means, without power supply, no mining, with no mining, transactions can't be completed or successful, no successful transactions no fun in crypto space.  The use of renewable energy will stand to be the rescue of this energy issue, as to help reduce the pollution of our atmosphere and health hazards.

Offline mlawson71

  • Legendary
  • *
  • Activity: 1866
  • points:
    35407
  • Karma: 29
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: May 06, 2022, 05:20:08 PM
    • View Profile

  • Total Badges: 16
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Bitcoin mining and electricity
« Reply #35 on: March 20, 2021, 08:17:35 PM »
I agree - renewable energy is the future, even when is not mining cryptocurrencies. :D
When it comes to cryptos, however, renewable energy becomes indispensable, I think.

Offline Power420

  • Hero Member
  • *
  • *
  • Activity: 1079
  • points:
    31076
  • Karma: 126
  • Bitcoin Mixer| Since 2019
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: Today at 05:30:01 PM
    • View Profile

  • Total Badges: 22
    Badges: (View All)
    1000 Posts Poll Starter Poll Voter
Re: Bitcoin mining and electricity
« Reply #36 on: March 21, 2021, 02:47:07 AM »
The way the current bitcoin price is rising is almost like electricity.  Because the price of Bitcoin is suddenly rising and suddenly falling.  Therefore, it is never possible to tell by looking at the speed of the market that the speed of the market is up or down.  Due to which it has been compared with electricity.

Altcoins Talks - Cryptocurrency Forum

Re: Bitcoin mining and electricity
« Reply #36 on: March 21, 2021, 02:47:07 AM »


Offline elbans89

  • Legendary
  • *
  • *
  • Activity: 1575
  • points:
    51379
  • Karma: 191
  • Your Privacy Matters
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 24, 2024, 05:24:22 PM
    • View Profile

  • Total Badges: 21
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary Topic Starter
Re: Bitcoin mining and electricity
« Reply #37 on: March 21, 2021, 09:28:42 AM »
Electricity becomes the main reason why mining is always hard to do. However, for those who are very common in mining and gt many profits, the electricity is no longer matters. In this case, we can see how strong Bitcoin with its all advantage.

Yes, I agree electricity is always be problem for miner. It is high cost and You also need equipment.. But I see many people still do mining and get the profit. I prefer invest and do daily trading. That's my choice
...Tumbler.io......Because.Your.Privacy.Matters......Bitcoin.Mixer...

Offline Rony

  • Plagiarism strike
  • Full Member
  • *
  • Activity: 184
  • points:
    1552
  • Karma: -3
  • 100x Coin
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: November 06, 2021, 09:29:04 AM
    • View Profile

  • Total Badges: 15
    Badges: (View All)
    10 Posts First Post Third year Anniversary
Re: Bitcoin mining and electricity
« Reply #38 on: March 21, 2021, 09:45:30 AM »
Bitcoin mining is very popular nowadays. The main reason for this is the price of Bitcoin. Bitcoin mining is very popular because of the huge increase in the price of Bitcoin. Bitcoin mining cannot be compared to the speed of electricity.
█▐█ ██   100xCoin   ██ █▌█     {  On Our Way to $1B Market Cap & Beyond  }
⦁  Whitepaper  ⦁    Telegram    ⦁      Twitter      ⦁     Medium     ⦁      Reddit      ⦁
▬▬▬▬▬▬▬▬▬▬▬▬▬  ▬▬  Powered by BOUNTY DETECTIVE  ▬▬  ▬▬▬▬▬▬▬▬▬▬▬▬▬

Online kulkhan

  • Legendary
  • *
  • Activity: 1278
  • points:
    4228
  • Karma: 117
  • Bitcoin Mixer| Since 2019
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: Today at 08:43:41 PM
    • View Profile

  • Total Badges: 23
    Badges: (View All)
    Quick Poster Fourth year Anniversary 1000 Posts
Re: Bitcoin mining and electricity
« Reply #39 on: March 21, 2021, 02:08:33 PM »
Now Bitcoin Mining is Huge costly i think. Foe Mining Huge High costly Mining pool have to set up and huge electricity need for Bitcoin Mining. Although I Have no Idea about Mining. But i known it by Online Source. And Many Many thanks to you for Discussion about it.

Offline Arkann

  • Sr. Member
  • *
  • *
  • Activity: 552
  • points:
    16588
  • Karma: 89
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: December 10, 2023, 05:03:48 PM
    • View Profile

  • Total Badges: 15
    Badges: (View All)
    Third year Anniversary Second year Anniversary 500 Posts
Re: Bitcoin mining and electricity
« Reply #40 on: March 21, 2021, 02:26:46 PM »
Now Bitcoin Mining is Huge costly i think. Foe Mining Huge High costly Mining pool have to set up and huge electricity need for Bitcoin Mining. Although I Have no Idea about Mining. But i known it by Online Source. And Many Many thanks to you for Discussion about it.
the fact that Bitcoin mining is very expensive is understandable, but in my opinion this is most of all connected not with electricity, but with the price of equipment, which had to be changed last year. recently, video cards have become very expensive, but you must agree that mining pays off completely, given the current bitcoin rate.

Offline Sumaiya2

  • Possible Cheater
  • Sr. Member
  • *
  • Activity: 677
  • points:
    15332
  • Karma: -99
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: August 27, 2022, 01:02:47 PM
    • View Profile

  • Total Badges: 19
    Badges: (View All)
    10 Posts First Post Third year Anniversary
Re: Bitcoin mining and electricity
« Reply #41 on: March 23, 2021, 06:35:44 PM »
The current bitcoin market is fluctuating massively.  If the price of bitcoin fluctuates like this for a while and this makes you think that the price of bitcoin is going down again.  In this way, Bitcoin has been compared to electricity to fluctuate the price of Bitcoin.
                  ▄▄▄▄▄▄ ████▄██▄ █████████
████████ ████████ ███████▄██ █████▄ ███████
██████████████   ████████ ▀▀ ███████▄███████
████████████████████████         ████ █        ▄▄▄▄ ▄▄    ▄▄▄▄
██████████████████████████         █████         █████   █████▄▄█████████▄█████▄▄▄██████▄
█████████████████████ ██████▄     ██████       ████████   ▄█████████ █████████████████████
▐█████████████████████▄ ██████     ███████      █████▀   ███████████ █████████ ████████████
▐███████████████████████           ███████      ▀██████   ███████████ █████████  █████████▀▀
▐██████████████████████▄          ███████     █▄ ███████  █████████████████    ████████▄
 ████████████████████████▄         ███████     ███▄██████  ██████████ ██████████ ▄▄██████▄
 █████████████████████████         ███████     ████▀▀▀████ ███ ███████████████████████████
 ██
███████████████████████         ███████     ████   ████ ███  █████████████████████████▀
 █████████ ▀▀▀▀▀▀▀ ▀▀▀▀▀▀           ▀▀▀▀▀▀▀     ▀▀▀▀   ▀▀▀▀ ▀▀▀    ▀▀▀ ▀▀▀    ▀▀▀▀▀  ██████▀▀▀
[  PvE Mode  ]   [  PvP Mode  ]   [ Team Battle ]
|   TWITTER   |  TELEGRAM  |   DISCORD   |

Offline Shahinaz

  • Hero Member
  • *
  • Activity: 852
  • points:
    14823
  • Karma: 26
  • Trade Count: (0)
  • Referrals: 3
  • Last Active: March 09, 2024, 04:11:36 PM
    • View Profile

  • Total Badges: 22
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Bitcoin mining and electricity
« Reply #42 on: March 24, 2021, 12:08:50 AM »
appropriate if bitcoin has a high enough selling value, because maybe the cost to mine is currently 50% of the current price, where the price of electricity continues to rise, in my country, for example, during the pandemic, some electricity users experienced a significant increase, about 50% from before However, for the miners it is not a risk if they have benefited from mining

Offline Dark Knight

  • Hero Member
  • *
  • *
  • Activity: 1047
  • points:
    22952
  • Karma: 8
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: December 18, 2023, 05:44:43 PM
    • View Profile

  • Total Badges: 21
    Badges: (View All)
    Third year Anniversary Second year Anniversary 10 Posts
Re: Bitcoin mining and electricity
« Reply #43 on: March 26, 2021, 10:42:24 AM »
Internet banking systems or ATMs usually transfer money with the help of an intermediary, which causes expenses twice as much trouble, that’s how bitcoin chooses to save the day with simple and fast transactions. To make bitcoin this much fast and convenient, a huge amount of electric power is being employed. The efficiency depends on hashes, which the mining hardware uses.
Bitcoin, according to bitcoin’s power usage tracker by Digiconomist, mines at a rate of 77.78 terawatt-hours per year, at the moment which is equal to the entire electricity usage in the Netherlands and the Czech Republic. CoinShares has reported from their research that most of their energy comes from wind, hydroelectric and photovoltaic sources; these are all sustainable and renewable sources.
Many might be concerned with bitcoin’s mining substantiate in China. However, only 60% of it is being mined in China, while the 40% remaining take place in varying areas across Washington, New York, British Columbia, Iran, Sweden, Newfoundland, and a few more places.
Thank you so much for sharing the important
informationn with us. In fact plenty of BTC Excavation requires a huge power supply. I have read many articles about it. The current Bitcoin market is fluctuating massively. If the price of Bitcoin fluctuate like this for while and this makes you think. Ok then the price of Bitcoin is going down again. Bitcoin mining cannot be compared to the speed of electricity.

Offline Rain075

  • Possible Cheater
  • Hero Member
  • *
  • Activity: 1007
  • points:
    24288
  • Karma: 62
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: January 11, 2024, 01:34:00 AM
    • View Profile

  • Total Badges: 21
    Badges: (View All)
    10 Posts First Post Third year Anniversary
Re: Bitcoin mining and electricity
« Reply #44 on: March 26, 2021, 11:22:55 AM »
Bitcoin mining depends on electricity, fuel and power energies . But an economic development depends on power plan, energies and fuel . So I think Bitcoin mining is a expensive process and hence governments of all countries dislike cryptocurrencies for wasting power energies.
                  ▄▄▄▄▄▄ ████▄██▄ █████████
████████ ████████ ███████▄██ █████▄ ███████
██████████████   ████████ ▀▀ ███████▄███████
████████████████████████         ████ █        ▄▄▄▄ ▄▄    ▄▄▄▄
██████████████████████████         █████         █████   █████▄▄█████████▄█████▄▄▄██████▄
█████████████████████ ██████▄     ██████       ████████   ▄█████████ █████████████████████
▐█████████████████████▄ ██████     ███████      █████▀   ███████████ █████████ ████████████
▐███████████████████████           ███████      ▀██████   ███████████ █████████  █████████▀▀
▐██████████████████████▄          ███████     █▄ ███████  █████████████████    ████████▄
 ████████████████████████▄         ███████     ███▄██████  ██████████ ██████████ ▄▄██████▄
 █████████████████████████         ███████     ████▀▀▀████ ███ ███████████████████████████
 ██
███████████████████████         ███████     ████   ████ ███  █████████████████████████▀
 █████████ ▀▀▀▀▀▀▀ ▀▀▀▀▀▀           ▀▀▀▀▀▀▀     ▀▀▀▀   ▀▀▀▀ ▀▀▀    ▀▀▀ ▀▀▀    ▀▀▀▀▀  ██████▀▀▀
                 NFTanks.app                
A collection of 3333 unique Dogetankers
and New Play to earn (P2E) NFT game
[  PvE Mode  ]   [  PvP Mode  ]   [ Team Battle ]
|   TWITTER   |  TELEGRAM  |   DISCORD   |

 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod