Questions on: energy-consumption

Last updated 2nd April 2014. In 2009, Satoshi Nakamoto launched bitcoin as the world's first cryptocurrency. The code is open source, which means it can be modified by anyone and freely used for other projects
One of scrypt design goals was to make CPU and GPU performance balanced, which meant that it was far more dependent on memory speed. The GPU had a solid work around and as far as I know CPUs don't have any advantage. But that did cause it basically i
I'm not an expert, but as far as I understand it, Moore's Law applies to ASICs just like other chips. So, every two years you get newer ASICs which can hash more, even though the chip design is not all the different from the previous ASICs, the numbe
This quick tutorial is going to show you how to clean up the duplicate elements from a List – first using plain Java, then Guava and finally a Java 8 Lambda based solution. This article is part of the “Java – Back to Basic” series here on Baeldung. 1
An interesting question, but I don't think block difficulty is aimed to solve this problem. However, I anticipate that the free market would solve the question as posed. In short, if we have an off-peak hour that provides a lower expectation of BTC p
Meni Rosenfeld's formula is what you are you are looking for. It is not possible to calculate the production cost of one bitcoin because of these two variables: E - the mining efficiency, measured in MHash/J. c - the cost of electricity, measured in
There is nothing technically difficult about making this change. Edit a few lines of code, upload a new version, make sure everyone installs it. However, it is extremely unlikely that any respected developer will ever try to make such a change, or th
Of course. At the current block reward of 25 BTC per block, on average 3600 BTC are mined per day which are worth over $1 million. If it were significantly much cheaper than $1M (in terms of energy costs) to mine that $1M worth of coins, more people
Increase in difficulty does not make Bitcoin miners mine any harder, it just takes them a longer time to solve a block. Their power consumption per unit of time remains the same. On the other hand, more miners joining the network and mining increases