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Here is an interesting chart - "Value transacted per energy mined"
Seems like bitcoin bottoms out around ~$50-75,000 USD transferred for every 1 Megawatt-hour used in mining.
Currently Bitcoin is transferred ~$140,000 USD / MWh.
ULTRA ENERGY EFFICIENT
Seems like bitcoin bottoms out around ~$50-75,000 USD transferred for every 1 Megawatt-hour used in mining.
Currently Bitcoin is transferred ~$140,000 USD / MWh.
ULTRA ENERGY EFFICIENT
Consider this: $20 / MWh is considered super cheap in the power generation industry. Many utilities closer to $50 USD / MWh.
Right now it costs $50 in energy to transfer $138,000 USD !?
Right now it costs $50 in energy to transfer $138,000 USD !?
Feel free to CC all the annoying twerps in the comments below who cite the energy burned per transaction metric.
Try VALUE per SECOND
Try VALUE per unit ENERGY
TRY ***HARDER***, FOOLS
Try VALUE per SECOND
Try VALUE per unit ENERGY
TRY ***HARDER***, FOOLS
Interesting how bitcoin becomes more efficient during bull runs, less efficient during bear markets.
Interesting how there seems to be a floor for value per energy consumed, will be interesting to observe this over the next decade.
Interesting how there seems to be a floor for value per energy consumed, will be interesting to observe this over the next decade.
What are your thoughts @davidgerard? How does your precious fiat compare?
