Alloscomp : Bitcoin Mining Calculator

How much Power it takes to create a Bitcoin?

How much Power it takes to create a Bitcoin?
https://preview.redd.it/q8fybks5d3r31.png?width=1024&format=png&auto=webp&s=0d9836d98582d8652a82a99333d37b2885d4116e
Bitcoin Mining Costs Vary by Region
To perform a cost calculation to understand how much power it takes to create bitcoin, first, you’d need to know electricity costs where you live. In 2017, the Crescent Electric Supply Company did a state-by-state breakdown of how much it costs to mine a single bitcoin. Louisiana came in as the cheapest location at $3,224, while Hawaii was the most expensive at $9,483. As of September 2018, bitcoin’s exchange rate was valued at about $6,700 for a single bitcoin, which shows that doing the work in an area where energy costs are very low is important to make the practice worthwhile.
Calculating the Cost
There are lots of different bitcoin mining computers out there, but many companies have focused on Application-Specific Integrated Circuit (ASIC) mining computers, which use less energy to conduct their calculations. Mining companies that run lots of ASIC miners as businesses claim they use one watt of power for every gigahash per second of computing performed when mining for bitcoins.
At this rate, the bitcoin network runs at 342,934,450 watts — roughly 343 megawatts. Calculations based on EIA data reveal that the average U.S. household consumes about 1.2 kilowatts of power, meaning that 343 megawatts would be enough to power 285,833 U.S. homes.
That’s quite a lot of energy — for a frame of reference, that equates to about a third of the homes in San Jose, California. Since 1 watt per gigahash/second is pretty efficient, it’s likely that this is a conservative estimate. Also, a large number of residential users take more power to run their miners.
BITCOIN may be a useful way to send and receive money, but cryptocurrency doesn’t come for free. The community of computer-based miners that create bitcoins uses vast quantities of electrical power in the process. The electric resource-heavy process has led some experts to suggest that bitcoin isn’t very environmentally friendly. Therefore, using SOLAR ENERGY to mine Bitcoin is considered more suitable for people.
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Of Wolves and Weasels - Day 45 - Breadth and Scope

Hey all! GoodShibe here!
Yesterday I spoke about those off doing great work on our behalf, taking the lead or pushing the boundaries of what Dogecoin can do.
I think today is a great chance for everyone to get a real sense of what's going on here - what a group of 65,000+ Shibes has and is accomplishing as we speak (err... type).
So, please, if I've forgotten anyone, don't feel bad -- especially if you're doing something in another sub -- just let me know in the comments and I'll add it to the list, okay?
Here we go!
Recently Completed Projects
Announcements/Shares
Competitions/Promotions
Merchants
Services
In Progress
Have I missed something? I'm sure I've missed something! I can keep going but I'm already running late for work (got carried away)! Post in the comments and I'll add as I have time over the course of the day :D)
It's 9:14AM EST and we're at 52.53% of DOGEs found. Our Global Hashrate is spiking from ~68 to ~89 Gigahashes per second but our Difficulty is still riding low at ~1027!
Go! Mine! Have fun!
As always, I appreciate your support!
GoodShibe
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Of Wolves and Weasels - Day 325 - My 1 DOGE = 1 DOGE moment

Hey all, GoodShibe here!
So, how was your Black Friday? Did you snag many Shibe deals? Merchants, how did you make out? Was there any real uptick in sales?
There was an interesting post on /Bitcoin yesterday showing the difference that a year had made - a screenshot of the sub back when a Bitcoin was worth $1000 as a contrast to how the sub seemed now. One of the comments mentioned how the reaction this year seemed much more subdued and another even brought up Dogecoin directly and how their reaction was similar to when our price collapsed.
One of the important bits to keep in mind is that what’s happening to DOGE right now isn’t just happening to DOGE. Everyone is feeling the pinch -- Bitcoin moreso because their sub is constantly being brigaded by people who keep on slagging them and their efforts (sort of like we were in the run-up to us going AuxPoW).
With that said, we’re in an interesting position because we actually have one of the largest potentials to better our current situation. Bitcoin is already top dog, they’re on every major exchange. Moving 'forward' involves crossing over into full-blown USD Stock Exchanges.
The good news here, for us, is that considering our 3rd/4th place position in the cryptosphere, we actually have quite a bit of room to run… if we can get up and start running.
Which is why I’m taking time today to highlight an important project that I think every Shibe should get behind:
DogeHustle has created Doge808.com in an attempt to gain 808 signatures and petition the massive exchange OkCoin to start listing/ trading Dogecoin.
Right now they’ve got 225 signatures out of the 808 that they wanted but they clearly need not only our signatures, but our overwhelming support.
One of the key points that DogeHustle has made is that right now, because our volumes are so low, people can move the entire Dogecoin market with a few thousand dollars. That, of course, is not at all healthy and so the more people we can have actively taking part in trading Dogecoin the more resilient our valuations will be.
The reality that we’re facing is that people who don’t have a whole lot of crypto right now aren’t really a fan of parting with it when valuations, across the board, are so low. And with the future seemingly uncertain, people are holding back from buying in even though prices are low.
So what we end up with is this feeling that we're stuck in a holding pattern, the idea that we should just hold our crypto until someone else spends it or does the work necessary to bring the coin's valuation up again. Once it's back up, then it’ll be okay and we’ll be fine to start spending again.
It's like an awkward high school dance where everyone’s lined up against the wall, unsure of who’s going to be the first one to jump in.
Obviously it’s not THAT bad… but even in the conversations I’ve been having, there’s that sense of trepidation.
That worry of loss.
So, how do we combat that?
One of the most fantastic experiences I had recently came when I was doing some shopping at ShibeSeeds.com and I happened to click on the currency converter… and noticed that the currency could be set directly to DOGE.
So I did.
And you know what? I experienced a true, solid, 1 DOGE = 1 DOGE moment.
What I mean by that is that, for that entire shopping experience, I looked at the prices and I was considering if that gift pack of seeds was really worth 20k-ish DOGE to me. I considered each item and weighed it against how much DOGE I was willing to part with.
One of the things that I think has been harming our DOGEconomy has, essentially, been a massive case of 'Sticker Shock'. Doing all of the calculations in our head in USD or GBP or Euros and then converting that to DOGE and going 'WTF?!?' and freaking out at how much DOGE that's going to cost us.
By doing it the other way around, by seeing ONLY the DOGE price, not the USD price, I knew how much DOGE I was spending every step of the way and by the time I was done making my purchase… I was okay with it.
Only after I made my purchase did I stop and go ‘oh, how much was that in USD’? and then go back to check. And I was still okay with it.
So… how can we integrate this better?
What if a business could set it so that if a customer's entry page was, say, reddit.com/Dogecoin they AUTOMATICALLY displayed all prices in DOGE?
You come from /Bitcoin? Everything’s in Bitcoin.
/Litecoin? Everything’s in Litecoin.
And you do that for all of the common pages (bitcointalk, litecointalk, dogecoin.com, etc) that you can think of.
It’s small, subtle things like this that allow the consumer to evaluate, for themselves, what something is worth to them. How much of their coins they’re willing to part with.
And in that experience, that’s where our DOGEconomy has the potential to truly spread its roots and dig deep.
By seeing prices ONLY in DOGE or BTC or LTC we can decide for ourselves what’s fair to us. We can make our peace with the process and not only feel positive, but confident in the whole experience.
Confidence is exactly what we need, my friends. And one of the surest, simplest ways to gain it is to shed the USD unless we specifically go looking for it.
Merchants, please, take the time to know your audience. Figure out where we’re coming from, anticipate us, prepare for us and in doing so you help us to treat our cryptos like the currency that they are instead of a stand-in for USD.
And, if you do so, I suspect you will see not only MORE sales but more confidence from the sales you do make.
What do you think?
Is it worth a shot?
It's 8:01AM EST and we've found 96.16% of our initial 100 Billion DOGEs - only 3.84% remains until we reach our soft cap! Our Global Hashrate is down from ~1315 to ~1214 Gigahashes per second and our Difficulty is up from ~19287 to ~22083!
As always, I appreciate your support!
GoodShibe
submitted by GoodShibe to dogecoin [link] [comments]

Of Wolves and Weasels - Day 745 - Weekly Wrapup #100!

Hey all, GoodShibe here!
This was your week in Dogecoin:
(Note: We now have a Weekly Wrapup Time Capsule that collects all 100+ Weekly Wrapups!)
This Week’s oWaWs
Top Images/Memes of the Week
Announcements
HELP WANTED
ACTIVE BOUNTIES
Community Chest: Seeking Community Feedback
Other Dogecoin Communities
Dogecoin Attractions – Neat or interesting things to check out/ Take part in this Week
Other Interesting Stuff
Did I miss anything? Do you have a Dogecoin community you want featured? Let me know!
It’s 8:45AM EST and Sunday is FunDay, right? Right? Our Global Hashrate is holding at ~1430 Gigahashes per second and our Difficulty is holding at ~16674.
As always, I appreciate your
submitted by GoodShibe to dogecoin [link] [comments]

Of Wolves and Weasels - Day 452 - Weekly Wrapup #58

Hey all, GoodShibe here!
And this was your week in Dogecoin.
This Week’s oWaWs
Announcements
Top Images/Memes of the Week
Other Cool Stuff
Did I miss something? Of course I did! Please let me know in the comments and I'll add it!
It's 8:40AM EST and we've found 98.89% of our first 100 Billion DOGEs! Our Global Hashrate is up from ~1420 to ~1430 Gigahashes per second and our Difficulty is down from ~24749 to ~25602.
As always, I appreciate your support!
GoodShibe
Please take 10 seconds or so out of your day to vote for Josh Wise.
submitted by GoodShibe to dogecoin [link] [comments]

Official TBC to BITCOIN Exchange Leaked How to exchange Dagcoin to Bitcoin within 5mins. How To Exchange Your TBC to BITCOIN 2019 A + ZILLIQA - STAKING CALCULATOR - GEMINI EXCHANGE EXPANDING TO SINGAPORE How to use TBC TRUSTED EXCHANGER to exchange TBC to BTC 2018

To conclude, a Bitcoin mining calculator can give you a much better idea about your potential to run a profitable mining operation. Remember, however, that some factors such as Bitcoin’s price and mining difficulty, change every day and can have dramatic effects on profitability, so it’s important to conduct up to date calculations when needed. Unless there is a substantial Bitcoin tech shift, this is very likely to remain the same. Just one Bitcoin is valued at about $9,100, in the time of writing, but mining which may cost less. In the long run, purchasing Bitcoin right at least gives you something for the money instantly. How to use this HashPower calculator? To use this calculator just input your mining hardware hashing power and it will automatically convert to all other units. For example the current network hashrate of Bitcoin is 40 EH/s (Exa hashes per second). To convert this value in to TeraHash or PetaHash or GigaHash you can use this tool. So why convert? Find out what your expected return is depending on your hash rate and electricity cost. Find out if it's profitable to mine Bitcoin, Ethereum, Litecoin, DASH or Monero. Do you think you've got what it takes to join the tough world of cryptocurrency mining? Bitcoin Mining Calculator. Got your shiny new ASIC miner? Wondering when it will pay off? If you enter your hash rate below, this page will calculate your expected earnings in both Bitcoins and dollars over various time periods (day, week, and month).

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Official TBC to BITCOIN Exchange Leaked

This video goes over my 7 day 1 week Bitcoin Mining experiment. I let my computer Mine for Bitcoin for a week straight, to see how much money I could generate. I left my PC on while I slept and ... gemini exchange is applying to m.a.s for approval for gemini exchange in singapore. staking calculator and we go over the numbers 10k 50k 100k 1m. https://ww... Bitcoin doesn't have a central government. With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. You are just moments away from being able to trade/exchange your TBC to Bitcoin and other altcoins. The TBC is the exchanger for trusted TBC Holder who has verified there TBC ownership and been ... How to exchange all your tbc to bitcoin very easy and fast 2019.

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