Where in TN are the products coming from?
I'm guessing one it's 18 ports since the majority of computer hardware is shipped (ha) by sea.
Cambridge university’s Bitcoin Electricity Consumption index
Thanks for sharing this, it's nice to see real time estimations:
https://cbeci.org/
more than Sweden did last year
For reference, the entire population of Sweden as a country, is less than Mumbai as a city. (1.02 cr vs 1.25 cr)
This statistic made me curious about the yearly energy production in other countries.
https://en.wikipedia.org/wiki/Electric_energy_consumption
India is at 860 TWh, UK at 400, Australia at 257, and the US at 4,400 TWh. These are 2011 numbers, so a decade ago.
Analysts have regularly pointed out that running the computers needed for bitcoin production is bad for the environment.
Analysts need to look at the bigger picture.
In 2018, world total electricity final consumption reached 22,315 TWh
The International Energy Agency works with countries around the world to shape energy policies for a secure and sustainable future.
www.iea.org
Bitcoin peaked at an all high estimate 144TWh per year five weeks ago and today the estimate is at 87 TWh per year.
Two main reasons that the price of GPU will come down
The chatter in most GPU mining circles is that prices will crash because none of the alternative cryptocurrencies would be as profitable as ETH (peak prices have already dropped $100 this week compared to two weeks ago). They've also accepted that gamers would not want to buy up GPUs used for mining, so they're expecting that it's going to be a tough several months to a year until the one of the other cryptocurrencies difficulty/value adjusts to fill the void. Some of these people have been mining since the Radeon R9 290 era and are still using those cards eight years later today, so they expect the gpu mining market will adjust eventually. The miners that need to stay profitable on a daily basis will drop out while those who don't will stay in.
The last time a dry spell like this is predicted to be (where you can't earn enough to cover electrical costs) was back in 2012 with Litecoin, if I recall correctly.
The larger miners operate on a scale that's unfathomable. I have someone local to me trying to offload 300 Galax/Zotac 1050ti's that were never unpacked. They were imported a long time ago, but he was so busy setting up the more profitable cards that by the time he came to this pallet of 1050ti's, it's no longer worth doing (profitability for a 1050ti today is $15/month).
and open the box and if bricks and mortar then bang him with the same!
Since they have a no profiteering rule, the mods simply disregarded "a gentleman's profit" when some members suggested, because: the rules are what prevent gentlemen from turning into those things at eBay.
