On Wed, Dec 27, 2017 at 12:44 PM, mike.valk@gmail.com mike.valk@gmail.com wrote:
I guess efficiency number are needed here. How much bitcoin is being mined/generated per input (dollar/euro's/joules)
they're connected to the national grid in Iceland (they don't run everything there, for security reasons) but it's a good percentage. cooling is free (obviously), and they're actually going to be sinking their own geo-thermal turbines.... on-site. electricity is *already* cheap in iceland... so the cost of electricity can be assumed to be negligeable or zero.
That's the same as for any mining operation. No need to watch how the mining is done just is the cost of the operation lower than the the yield.
That's why a lot of IRL miners work under such poor circumstances.
So where to find such numbers?
the pool stats give you the all-important number.
there are two bits of information that are really needed, to make a proper assessment:
(1) how many people sign up per month (2) how many people are *already* signed up.
i have access to the MLM structure (it's complicated, and very large), it should be possible to make some reasonable estimates / behavioural guesswork.... but it would *need* those two numbers.
i do know that they're starting to go mainstream (as in, a LOT of people are hearing about them).
l.