PDF Publication Title:
Text from PDF Page: 005
Figure 1. Bitcoin mining process. During the mining process, the miner computes the hash of a block of transactions and the summary information of the previous block. The block has a ‘nonce’ value and the miner randomly chooses a nonce value so that the hash of the block is smaller than a target, which is periodically recalculated by the network. Random attempts for nonce values to find a valid hash is called as proof- of-work. This process needs computational effort, which is measured in Gigahashes per second. The more computational power a miner has, the bigger the share of all distributed rewards that go to that miner. This is the part where the energy consumption of bitcoin mining takes place. This paper aims to present a detailed analysis and estimation of the energy consumption of bitcoin mining by focusing on the use of computational power during the proof-of-work process, and hence the mining process only. In our study, we analyzed 160 GB of blockchain bitcoin data. We deliberately excluded the estimation for energy intensity of bitcoin mining more generally since it will include all processes including the use of external cooling systems and their energy consumption. 2. Studies Covering Energy Consumption of Bitcoin Mining O’Dwyer and Malone used two hardware efficiencies; an efficient commodity hardware and a high efficiency ASIC machine [2]. Then they calculated the total power demand to be between 0.1 and 10 GW depending on what hardware was used in the mining. McCook calculated the energyPDF Image | Energy Consumption of Bitcoin Mining
PDF Search Title:
Energy Consumption of Bitcoin MiningOriginal File Name Searched:
Energyconsumptionofbitcoinmining.pdfDIY PDF Search: Google It | Yahoo | Bing
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
IT XR Project Redstone NFT Available for Sale: NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Be part of the future with this NFT. Can be bought and sold but only one design NFT exists. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Turbine IT XR Project Redstone Design: NFT for sale... NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Includes all rights to this turbine design, including license for Fluid Handling Block I and II for the turbine assembly and housing. The NFT includes the blueprints (cad/cam), revenue streams, and all future development of the IT XR Project Redstone... More Info
Infinity Turbine ROT Radial Outflow Turbine 24 Design and Worldwide Rights: NFT for sale... NFT for the ROT 24 energy turbine. Be part of the future with this NFT. This design can be bought and sold but only one design NFT exists. You may manufacture the unit, or get the revenues from its sale from Infinity Turbine. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Supercritical CO2 10 Liter Extractor Design and Worldwide Rights: The Infinity Supercritical 10L CO2 extractor is for botanical oil extraction, which is rich in terpenes and can produce shelf ready full spectrum oil. With over 5 years of development, this industry leader mature extractor machine has been sold since 2015 and is part of many profitable businesses. The process can also be used for electrowinning, e-waste recycling, and lithium battery recycling, gold mining electronic wastes, precious metals. CO2 can also be used in a reverse fuel cell with nafion to make a gas-to-liquids fuel, such as methanol, ethanol and butanol or ethylene. Supercritical CO2 has also been used for treating nafion to make it more effective catalyst. This NFT is for the purchase of worldwide rights which includes the design. More Info
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
Infinity Turbine Products: Special for this month, any plans are $10,000 for complete Cad/Cam blueprints. License is for one build. Try before you buy a production license. May pay by Bitcoin or other Crypto. Products Page... More Info
| CONTACT TEL: 608-238-6001 Email: greg@infinityturbine.com | RSS | AMP |