That paper estimates the bitcoin network's total power consumption at around 117... | Hacker News

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		guelo on Dec 22, 2015 \| parent \| context \| favorite \| on: Bitcoin's mining difficulty has increased by 41.9%... That paper estimates the bitcoin network's total power consumption at around 117MW. This latest increase is estimated at 40MW. So it is a significant increase.

jnbiche on Dec 22, 2015 [–]

Not sure how they came up with that estimate, but the miners are getting more and more efficient, so it's not a linear increase.

davidgerard on Dec 22, 2015 | [–]

No, it's a race to the bottom. The cost of mining 1 BTC will naturally tend to 1 BTC, and we're already circling that.

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