Half way to 6.15btc being the equivalent energy of the entire Bitcoin network for working (on average) for nearly 40 minutes.
That is a lot of energy the target bitcoin stack will be the equivalent of. @HODL
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Esto es increíble, la eficiencia energética del Bitcoin es impresionante, no hay nada que se compare con la potencia de esta blockchain.
Oh this got me thinking. What happens if you plot out hashrate and consider what it might be come the halving in 2028, modelling linear, which with some very rough figures would give 2.3Zh in April 2028. Not that fanciful, but this is to give a ball part figure….
Cool you say, but why should I care? Well, if we say that at the halving the only miners from the current generation that will still be used are S21XP, and given unprofitable miners will be used this may be the average efficiency, at 270Th 2.3Zh is the equivalent to around 8.5 million S21XPs, using around 31GW of power (interestingly put bitcoin network energy usage into Google and AI returned the “digiconomist”!), didn’t use these figures, calculated how many S21XP it would take to deliver hashrate and then multiplied it by energy use per miner (Alex De Vries, it is really that easy, if you wanted to learn)
While this is a cost of production model of value, so bull shit, this would mean that for it to be economic, at 8c KWh energy, the price at the halving would need to be around $265k (interestingly with current figures, it puts the lower price level for an S21XP to not be losing money at $54k). More interesting still, as with today, as energy is the primary economic good, and money based on energy is a good thing (cheers Henry), given UK wholesale energy is currently 26p or 35c, that would mean that to mine your own bitcoin in the UK, it would need to be £861k, or the value of the once Great British pound would have to crumble, but more likely in an energy backed future, the UK would be a totally irrelevance.
But to round out, going back to the 6.15btc magic number, that could be the equivalent of over 20GW of energy or $1.17m (or £5.3m) With great power comes great responsibility freaks, hold firm and only purchase a single lambo!
When the fiat mine’s business model is broken, best to focus upon bitcoin.
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