Bitcoin Mining Wastes Energy? What If That’s Good? – I am frustrated by the debate over whether or not bitcoin is an environmental disaster waiting to happen. No one seems to know what assumptions to use. Depending on what efficiency ratios we assume for currently operating ASIC mining rigs, they’re either consuming 35 terawatt-hours per … Read more
Bitcoin.com – Calculating Bitcoin Mining Profitability: Bitcoin mining profitability is something that is always in flux. With Bitcoin having such a high difficulty and large total hashrate, at times profitability can come down to several things. The first set of data you will want to use for discovering if Bitcoin mining can be profitable for … Read more
What is Bitcoin Mining? Hey there. Welcome to Bitcoinometrics. Today, we wish to take a closer look at what we titled ”what is bitcoin mining?” The reason is that a lot of persons are still puzzled about the existence of bitcoin. Do you wish to read or know how bitcoin works, if your answer is … Read more
How Does Bitcoin Mining Work? Looking for how bitcoin mining works? If yes, we’ll be showing you in this post how bitcoin mining works. Just follow me as a take you through the process. Cryptocurrency mining is painstaking, expensive, and only sporadically rewarding. Nonetheless, mining has a magnetic draw for many investors interested in cryptocurrency. … Read more
Do Bitcoin Mining Energy Costs Influence Its Price? Several recent reports have drawn attention to the massive amounts of energy used for bitcoin mining operations. The statistics are staggering. According to the Digiconomist website, a bitcoin country would rank 64th in the world for overall energy usage. Bitcoin’s annual energy consumption is estimated to be … Read more