> you can easily reach trillions by combining the costs of just Casino buildings.
I have my doubts about this.
BTC energy cost was in the realm of 10 billion/year this year, and increasing quickly year over year. That's from around 150 TW hours, or around 5x Nevada's consumption.
The hash rate this year averaged around 140 million THash/sec. It appears that efficient equipment costs about 10k per 100THash/sec. So you're looking at another 14 billion in currently running hardware, conservatively, not to mention the price of the buildings those Asics need to be put in.
There's another big flaw here, which is that cost isn't just reflective of consumption but of demand. The same hotel building on the Vegas strip is a lot more expensive than if you built it in rural Idaho, and BTC has the advantage of being able to use the cheapest land and electricity.
I have my doubts about this.
BTC energy cost was in the realm of 10 billion/year this year, and increasing quickly year over year. That's from around 150 TW hours, or around 5x Nevada's consumption.
The hash rate this year averaged around 140 million THash/sec. It appears that efficient equipment costs about 10k per 100THash/sec. So you're looking at another 14 billion in currently running hardware, conservatively, not to mention the price of the buildings those Asics need to be put in.
There's another big flaw here, which is that cost isn't just reflective of consumption but of demand. The same hotel building on the Vegas strip is a lot more expensive than if you built it in rural Idaho, and BTC has the advantage of being able to use the cheapest land and electricity.