Bitcoin Mining Calculator CoinWarz

found a summary of bitcoin's current power consumption!

[email protected] phs-forum on bitcointalk:
I updated current Bitcoin electric energy consumption, calculated like here: http://www.reddit.com/Bitcoin/comments/2hlwpy/5_terrawatt_per_hour_bitcoin_network/cktv3xl
BTC global hashrate: 360.000.000 Megahash/Second
Source: https://blockchain.info/charts/hash-rate
Current mining efficiency: Optimistic: 0.51 Wh per Gigahash/s
Source: https://bitcointalk.org/index.php?topic=902305.0
Consumption of the network per year: (360.000.000 / 1000) * 0.51 = 183 600 kWh per hour
183 600 x 24 x 365 = 1 608 336 000 kWh p.a. = 1.6 Terrawatthours per year
All friendly calculated (1 Wh per Gh/s may more reality).
Now in compersion by a result of these 1.6 TWh per year:
BTC needs at least 43% of yearly Electricity Consumption of Ethiopia (Source: http://en.wikipedia.org/wiki/Electric_energy_consumption)
Around 2 - 2.66% of European countries like Switzerland or Austria. (ca. 60-80 TWh per year, wikipedia/reddit)
8% of production in the year 2007 by German nuclear plant "Isar" (http://de.wikipedia.org/wiki/Kernkraftwerk_Isar)
A raw energy amount of 160.833.600 litres of diesel per year. (1 litre = 10 kWh)
Electricity for 16 cities like German mid-sized Offenbach. (http://www.badische-zeitung.de/offenburg/die-offenburger-koennten-viel-mehr-energie-erzeugen-als-die-stadt-verbraucht--100981849.html)
Once again calculated quite friendly, in March 2015. Compared to full POS coins, normal consumption like computers turned on as usual, please correct any guess i did here, thanks.
submitted by zuepfi11 to blackcoin [link] [comments]

Shibes, now is the time to build our own rocket to the moon! And this is how:

Right now we are in an interesting discussion about our future – the future of our beloved dogechain. It's the backbone of our economy. Every tiny shibe uses the same playground to play and dig and to have all this fun.
Lately, as i'm sure every shibe noticed, we got an offer from litecoin to merge our mining. First of all, thank you ! Thats very kind.
But in my honest opinion, i think we are strong enough to stand on our own little paws. We don't need a bigger brother, who protects us when we are in trouble or someone wants to do us harm.
We are already strong enough to protect us on our own. And we found good friends in the playground, like the good guys from Digibyte.
But we have to be aware of our future. We have to defend ourself when we are threatened. We have to protect our dogechain.
The critical point is reached, when our blockreward is not enough to keep all the miners digging. The less people dig, the lower is our security of our dogechain. Especially when the first asic miners get released and only a few of them can totally overcome our global hashrate.
Yes, we can fight them if we change our algorithm to sCrypt-n, or Keccak, or X11, or...
We become a pure PoS Coin after the last block halving.
In my opinion we should get rid of the old PoW system, after the point we are fully mined out (our blockreward hits 10k coins). Instead we should change to pure PoS with an interest of 1-5% per year.
This would favour every shibe who believes in our coin. Just imagine the crazy buying and mining mania after everyone understands that dogecoins are limited. It would also make our blockchain safe to 51% PoW attacks!
This would also allow everyone to participate in the network, practically you could PoS mine with every smartphone or laptop or tablet, you just need your wallet on the device ! Every shibe can participate !!
And for our well experienced digging shibes, we could start our own Doge-Multipool for every other hash algorythm.
Right now our network is at 80 gigahash ! Thats 80000 megahash, or in other words:
360(!) bitcoin buying power every day! (if you calculate with 0,0045 btc/mh)
Now imagine that people pour 200k dollar in our economy every day. We can create Doge-Multipools for sCrypt-n, X11, Keccak or even Sha256! Imagine people to mine bitcoins, just to get paid out in dogecoins! Doesn't that sound to good to be true ? Well maybe, but we have 1 year in front of us to build our rocket.
And i honestly think, that this is the most efficient rocket to fly us to the moon. All of us !
Wex <3
submitted by Wex- to dogecoin [link] [comments]

How to work out your Gigahash in Dragon Mine 18 GPU ETH & MONERO Miner ONE MILLION MEGAHASH ! Galaxy Mining (Dragon Mine), How to calculate the total USD value of your repurchased Giga Hash $10K and 15+Mhash Worth of Litecoin Mining Rigs Nehe's bitcoin miner. 7 Giga hash per Second. New algorithm!

Ομοίως και το Bitcoin Mining. What is a megahash and how is it used to estimate the rate at which bitcoins are mined? Although today you’d likely be dealing with GH/s (Gigahash per second) and TH/s (Terrahash per second) where 1000 Megahash equals 1 Gigahash and 1000 Gigahash equals 1 Terrahash. ฿itCoin Mining Calculator Do you know your Thash/second, but you want to know for example: BTC/month, euros/dollars/pounds your earn each second, day, month or year? Worry not, just fill in your Thash/sec! NEW: New market: CoinBase (default Kraken), see Advanced calculator button! Disclaimer: the calculation is based on the current 'difficulty' and this value can change in the future ... Bitcoin Mining Calculator. Got your shiny new ASIC miner? Wondering when it will pay off? If you enter your hash rate below, this page will calculate your expected earnings in both Bitcoins and dollars over various time periods (day, week, and month). It will not attempt to extrapolate difficulty or price changes -- it provides only instantaneous calculations (how much you'd make if all ... Accurate Bitcoin mining calculator trusted by millions of cryptocurrency miners since May 2013 - developed by an OG Bitcoin miner looking to maximize on mining profits and calculate ROI for new ASIC miners. Updated in 2020, the newest version of the Bitcoin mining calculator makes it simple and easy to quickly calculate mining profitability for your Bitcoin mining hardware. Brief Description HashPower Converter. This Calculator was made to help you convert a hash rate (MH/s, GH/s or TH/s) to kH/s. Convert Example: You have a cloud mining rate of 2 MH/s and want to know how much kH/s this hash power equals. The calculator makes the conversation and receives as a result that 2 MH/s equal the hash power of 2,000 kH/s.

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How to work out your Gigahash in Dragon Mine

SUBSCRIBE FOR MORE HOW MUCH - http://shorturl.at/arBHL Nviddia GTX 1080 Ti - https://amzn.to/2Hiw5xp 6X GPU Mining Rig Case - https://bitcoinmerch.com/produc... For example, a good bitcoin miner like the Monarch from Butterfly Labs provides 600 GH/s (1 Gigahash is 1000 Megahash. 1 GH/s = 1000 MH/s) while consuming 350w of power. Compared to the GPU era ... How to buy Gigahash. Gigahash is your mining speed. Apologies for the slight audio delay. sign up today @ www.minebitcoin.co.za www.btcmining.co.za bitcoin calculator http://www.vnbitcoin.org/bitcoincalculator.php ThaFresh's ultimate Bitcoin Mining rig, featuring hardware from Butterfly Labs - Duration: 1:21. Mark English 28,199 views. 1:21. Bitcoin Quick Tutorial and Overview - Duration: 16:49. ...

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