5 ms·
To put this in perspective here is some napkin calculations on how much power dogecoin currently uses: Assuming an average kh/watt of 2.333 [1] and the total n
by gigq 13y ago
To put this in perspective here is some napkin calculations on how much power dogecoin currently uses:
Assuming an average kh/watt of 2.333 [1] and the total network hashrate of 68 GH/s [2] we can see the network uses about 30 Megawatts of electricity. As a comparison Microsoft uses 250 Megawatts to power for their datacenters [3]. So it is wasteful, yes, but who's to say it's any worse than running datacenters so I can play battlefield 4 with my friends on xbox live which also provides no benefit for charity.
[1]: most ATI cards use this much per kh (https://litecoin.info/Mining_hardware_comparison https://litecoin.info/Mining_hardware_comparison), this ignores the newer ASIC hardware that is orders of magnitude more efficient
[2]: http://bitinfocharts.com/dogecoin/ http://bitinfocharts.com/dogecoin/
[3]: http://www.extremetech.com/extreme/161772-microsoft-now-has-one-million-servers-less-than-google-but-more-than-amazon-says-ballmer http://www.extremetech.com/extreme/161772-microsoft-now-has-...