19 Apr '13, 7am

Bitcoin's Environmental Problem:

Problems with this paper – First distributive computing project such as F@H actually help the environment, even if the participating computers are left on 24/7. This is because it minimizes the need for the research team to have a dedicated supercomputer run 24/7 that would take dedicated hardware. While it only saves a little bit in direct electricity use, it is much more efficient in the sense that you do not need to manufacture more dedicated hardware. (along with all the chemicals used in making electronics) This is a very, very good thing. Please do not try to discourage its use. Second, you do not give enough information to calculate an operating margine of 56.53% or you made a math mistake as $157,000/204,219 = 76.87% Third, the point: “Furthermore, when the cost of finding a Bitcoin starts to outweigh the relative cost of a Bitcoin, what then?” Is unfounded. Just l...

Full article: http://cleantechnica.com/2013/04/19/bitcoins-environmenta...

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bbc.co.uk 15 Apr '13, 12pm

15 April 2013 Last updated at 12:31 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Bit...

Bitcoin energy costs soaring

Bitcoin energy costs soaring

bbc.co.uk 15 Apr '13, 12pm

15 April 2013 Last updated at 12:31 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Bit...

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