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kiba on May 31, 2011 | parent | context | favorite | on: Resources are being utterly and completely wasted ...

My magazine have a two part series that argue the opposite that bitcoin mining is not wasteful:

1. http://bitcoinweekly.com/articles/the-wasted-electricity-obj...

2. http://bitcoinweekly.com/articles/the-wasted-electricity-obj...

iwwr on May 31, 2011 [–]

That's actually quite interesting, thank you for posting.

So at a guess, the network is doing now around 7MW of electrical power, although there is room for a lot of efficiency improvement.

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