Re: Bitcoin miners have no emissions whatsoever
I'm a bit late to this bun-fight and was having trouble deciding which comment to reply to with my two penneth/cents worth. Ian Johnston wins an upvote.
OK, Crypto-mining has been around for a while now, and the issue of the power consumed by this computationally intensive operation has been discussed to death already. I'm not a miner myself, but I do look after the networking for a couple of friends/family who are. I have to say that whilst they appear to earn good coin for themselves but predominantly others, I find the power consumption of the distributed mining operation (Helium, if anyone's interested) mildly offensive....but not as bad as the frankly ridiculous about of bandwidth being consumed. In one case, a single device has racked up about 10.5GB over 3 days, and the traffic stats on the site's main (SOHO) router are......alarming, with about 80% of the last 30 day's traffic being miner traffic.
All this traffic has be be generated (By the miner), transported (Local Infrastructure, Internet etc), and further processed/visualised in the 'cloud' somewhere...all of which takes considerable wattage when combined. Someone, somewhere has to pay for the elec-trickery and get rid of the heat.. It's a really, really inefficient way to use power. At least using POE has the benefit of reducing wall-wart power supplies and cabling/complexity.
It's strange that no-one's pointed out the inequality in power generation costs apportioned by the generation industry. I dislike my bills increasing to fund the increasing infrastructure required to service the power requirements/whims of a comparatively small portion of the wider community - but I guess things are always like that.
The other strange thing is that ISPs/Carriers haven't been bitching about their infrastructure costs caused by the mad, and increasing, amount of miner traffic they are having to carry. There was a spat between the video streaming and the ISP/carrier industries a while back - I wonder if anyone will re-open that can of worms re cryptominer traffic.
Whilst writing this, I've come to the conclusion that crypto currency and the 'mining' thereof is an interesting innovation/revenue stream, but we've all got better things to do with what little 'spare' electricity we have available - which isn't much! The more I think about it and do some modelling, the less I like it. On balance, it would be better if power-hungry cryptobollocks hadn't been invented,....but it has and we're stuck with it.
And yes, I'm aware that I'm being hypocritical.. I do afterall support/run a few home/SOHO networks that that have miners in them...and not for profit either, just for fun, so I don't even get anything in return!.