<p>Right now in this moment <code>Thu 11 July 2019 22:08 UK time</code></p>
<p><a href="https://i.sstatic.net/DcEfc.png" rel="nofollow noreferrer"><img src="https://i.sstatic.net/DcEfc.png" alt="enter image description here" /></a></p>
<p>That's a sizeable number. Almost as big a fraud comitted by a single bank: <a href="https://en.wikipedia.org/wiki/Danske_Bank_money_laundering_scandal" rel="nofollow noreferrer">https://en.wikipedia.org/wiki/Danske_Bank_money_laundering_scandal</a></p>
<p>It would be easy to calculate the current price of Antminer, current difficulty, ignore the difficulty adjustment and come with some number.</p>
<p>But in reality, there were many different hardware, difficulty was changing and as a result I'm rather unsure - how much money in terms of <strong>HARDWARE</strong> and <strong>ELECTRICITY</strong> was invested into Bitcoin?</p>
<p>Feel free to make reasonable assumptions, such as 10¢ per kWh.</p>
<h3>Relevant resources:</h3>
<ul>
<li>Historical difficulty: <a href="https://en.bitcoinwiki.org/wiki/Difficulty_in_Mining" rel="nofollow noreferrer">https://en.bitcoinwiki.org/wiki/Difficulty_in_Mining</a></li>
<li>Mining devices: <a href="https://en.bitcoin.it/wiki/Mining_hardware_comparison" rel="nofollow noreferrer">https://en.bitcoin.it/wiki/Mining_hardware_comparison</a></li>
<li>Time to rewrite the blockchain: <a href="https://twitter.com/lopp/status/1136976776524128257" rel="nofollow noreferrer">https://twitter.com/lopp/status/1136976776524128257</a></li>
</ul>
<h3> More explanation:</h3>
<p><a href="https://i.sstatic.net/8M8su.jpg" rel="nofollow noreferrer"><img src="https://i.sstatic.net/8M8su.jpg" alt="enter image description here" /></a>
<code>https://hackernoon.com/the-future-of-machine-learning-hardware-c872a0448be8</code></p>
<ul>
<li>2009 CPU - no hardware investment - just electricity</li>
<li>2010 GPU - some hardware investment</li>
<li>2011 GPU and FPGA - hardware investment</li>
<li>2012...</li>
</ul>
<p><strong>Given all the data, it should be possible to come to some reasonable estimate.</strong></p>
<p><em>(not including the cost of real estate to house mining farms and 1000s of engineering hours and constant worldwide media attention)</em></p>
<p>PS. I love everything about Bitcoin, specifically math, cryptography, economy, and physics - conversion of energy ⚡️⚡️⚡️</p>

CC BY-SA 4.0
2019-07-12T03:38:22.303Z
I'd like to comment for others that, even though the question is very broadly and unlikely to produce good results, it looks within the rules of "events that are applicable and relevant to the Bitcoin network"
Tiago Loriato Simões
CC BY-SA 4.0
2019-07-12T22:50:11.850Z
@TiagoLoriatoSimões there are questions that are off-topic, despite broadly falling under that criteria. For example, a question about a centralized Bitcoin business' customer service policy would certainly be relevant to some subset of Bitcoin users, but it would still be off-topic as a customer-service question.
chytrik
<blockchain><mining-hardware><mining-profitability><antminer><energy-consumption>
How much money in terms of electricity and hardware was invested into blockchain?
Mars Robertson
# How much money in terms of electricity and hardware was invested into blockchain?

(Asked by: username_0 on 2019-07-11)

Right now in this moment `Thu 11 July 2019 22:08 UK time`

[![enter image description here](https://i.sstatic.net/DcEfc.png)](https://i.sstatic.net/DcEfc.png)

That's a sizeable number. Almost as big a fraud comitted by a single bank: <https://en.wikipedia.org/wiki/Danske_Bank_money_laundering_scandal>

It would be easy to calculate the current price of Antminer, current difficulty, ignore the difficulty adjustment and come with some number.

But in reality, there were many different hardware, difficulty was changing and as a result I'm rather unsure - how much money in terms of **HARDWARE** and **ELECTRICITY** was invested into Bitcoin?

Feel free to make reasonable assumptions, such as 10¢ per kWh.

### Relevant resources:

* Historical difficulty: <https://en.bitcoinwiki.org/wiki/Difficulty_in_Mining>
* Mining devices: <https://en.bitcoin.it/wiki/Mining_hardware_comparison>
* Time to rewrite the blockchain: <https://twitter.com/lopp/status/1136976776524128257>

### More explanation:

[![enter image description here](https://i.sstatic.net/8M8su.jpg)](https://i.sstatic.net/8M8su.jpg)
`https://hackernoon.com/the-future-of-machine-learning-hardware-c872a0448be8`

* 2009 CPU - no hardware investment - just electricity
* 2010 GPU - some hardware investment
* 2011 GPU and FPGA - hardware investment
* 2012...

**Given all the data, it should be possible to come to some reasonable estimate.**

*(not including the cost of real estate to house mining farms and 1000s of engineering hours and constant worldwide media attention)*

PS. I love everything about Bitcoin, specifically math, cryptography, economy, and physics - conversion of energy ⚡️⚡️⚡️

**Tags:** blockchain, mining-hardware, mining-profitability, antminer, energy-consumption

> **Comments:**
> **username_1**: I'd like to comment for others that, even though the question is very broadly and unlikely to produce good results, it looks within the rules of "events that are applicable and relevant to the Bitcoin network"  
> **username_2**: @username_1 there are questions that are off-topic, despite broadly falling under that criteria. For example, a question about a centralized Bitcoin business' customer service policy would certainly be relevant to some subset of Bitcoin users, but it would still be off-topic as a customer-service question.  

---

## 0 answers

