[chbot] Bitcoin etc.

[Synco Reynders]

My favourite is for predicting human population with exponential curve: we
would have used up all the particles in the universe in ~8604 years!! ...
"Something's got to give."
https://www.youtube.com/watch?v=lpj0E0a0mlU

On Mon, 2 Jul 2018 at 08:24, Charles Manning <cdhmanning at gmail.com> wrote:

> Yup, bitcoin "mining" is energy intensive (because it its computationally
> expensive)  and is only practical where you get cheap electricity. I doubt
> it would pay in NZ unless you're already using the heat. But then you'd
> probably do much better to just buy a heatpump.
>
> As for "growing so exponentially that it will surpass that of the entire
> United States by July 2019", well any exponential curve looks like that.
>
> If we followed the exponential curve of bacteria since they kicked off
> many billions of years ago, they'd weigh more than the solar system.
> Various nutballs look at the exponential curves and predict the earth will
> get so hot it will turn into a fireball by 2500.
>
>
>
>
>
> On Mon, Jul 2, 2018 at 8:14 AM, Mark Atherton <markaren1 at xtra.co.nz>
> wrote:
>
>> Just discovered this
>> http://www.nybooks.com/articles/2018/01/18/bitcoin-mania/
>>
>> "By the end of 2016, a single mining facility in China was using over
>> half the estimated power used by all of Google’s data centres worldwide at
>> the time"
>>
>> "estimates that it costs his company around $400 in electricity alone to
>> mine each bitcoin. That’s because bitcoin mining is not only
>> computationally intensive, it is energy-intensive. By one estimate, the
>> power consumption of bitcoin mining now exceeds that of Ireland and is
>> growing so exponentially that it will surpass that of the entire United
>> States by July 2019"
>>
>> Please, somebody shoot these numbers down, this is completely nuts...
>>
>> - Mark
>>
>>
>>
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-- 
Synco Reynders
  m: +64 21 1825332
  e: synco.reynders at gmail.com
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