I'd love to see someone go more in depth with these types of "how much energy is wasted on x" estimates. Including just addressable grid and power plant inefficiencies. I suspect bitcoin is simply not a big deal (at this point), so this entire issue is concern trolling.
And then you come to the problem of what it means for the electricity to be "wasted". Eg, is going to church "wasting electricity"? What about the entire alcohol industry? Playing videogames? Preparing and storing deserts?
https://phys.org/news/2015-12-christmas-energy-entire-countr...
Or people actually care. The fact there are existing, worse ways to use energy doesn't mean we shouldn't care about Bitcoin. For the same reason I'm composting, even though the nearby supermarket throws out way more packaged food than I'd ever buy.
Its more like you are trying to catch rainwater in a strainer full of holes but are worried about a tiny pinhole in the side. So sure people may actually care about it, it just makes no sense and living your life that way is not a recipe for success.
For 2013 we have the estimate for total energy supply of 157,500 TWh/yr https://en.wikipedia.org/wiki/World_energy_consumption
Lets say bitcoin used 1000 TWh/yr worldwide (~15-30x what is estimated to use now). That'd work out to:
100*1000/157,500 ~ 0.63 %
Currently its more like 0.02-0.04%. As someone else posted, just christmas lights in the US alone is ~6 TWh/yr (~.004%).EDIT: That energy supply number is actually TPES, which ignores efficiency:
"Closely related to energy consumption is the concept of total primary energy supply (TPES), which - on a global level - is the sum of energy production minus storage changes. Since changes of energy storage over the year are minor, TPES values can be used as an estimator for energy consumption. However, TPES ignores conversion efficiency, overstating forms of energy with poor conversion efficiency (e.g. coal, gas and nuclear) and understating forms already accounted for in converted forms (e.g. photovoltaic or hydroelectricity)."
I suspect that if mining encourages even tiny innovations in power plant and grid efficiency it will have a net negative effect on energy waste. Apparently its that about 65% is lost due to powerplant, and 10% due to transmission/distribution, for ~75% total:
http://insideenergy.org/2015/11/06/lost-in-transmission-how-...
But it won't. All the incentives to increase power plant and grid efficiency are already there. Moreover, as you state quite clearly, bitcoin energy use is a small proportion of energy usage.
So I disagree, at least if it gets big enough to matter. I'd expect power plants, towns, etc to find it more worthwhile to invest in more efficient tech to attract the miners.
Towns with weird subsidizing schemes going on won't be able to take advantage unless they account for the new opportunity.
100*1000/157,500 ~ 0.63 %
Currently its more like 0.02-0.04%. As someone else posted, just christmas lights in the US alone is ~6 TWh/yr (~.004%)."So, THREE ORDERS OF MAGNITUDE are no big deal? Okay.
[0] https://www.washingtonpost.com/news/wonk/wp/2012/12/08/all-o...
This isn't a zero-sum game. We can address multiple inefficiencies. Bitcoin is just one of the more flagrant sources of tech-based waste that doesn't actually benefit anyone.
>And then you come to the problem of what it means for the electricity to be "wasted".
Nobody's going to ever fully agree but I think we can reach a quorum agreeing that fake money made up by libertarians who think a couple hundred years of bank regulations are totally gay bullshit put in place purely to stifle people and not to address totally legitimate concerns of abusive behaviour is enough of a waste to curtail it.
> Eg, is going to church "wasting electricity"? What about the entire alcohol industry? Playing videogames? Preparing and storing deserts?
Alcohol and food are tangible physical products that have had demand for thousands of years, video games are entertainment, and church builds community. Some people will have problems with all of these, but they are almost certainly going to be the minority.
As noted in the original post, its based on 5 kWh per GB of data transferred as described here: https://aceee.org/files/proceedings/2012/data/papers/0193-00...
If you have a better method, I'd love to see it. This is back of the napkin stuff, it doesnt need to be perfect.
And using he same methods, HN is ~70 KB which is decent for a text-content site. The OP wired page is about 700 KB (but wired.com is 4.3 MB), slashdot is ~1.9 MB, and reddit now like 4.3 MB, etc. Pretty much the entire internet is over 90% unnecessary junk at this point even if you allow that the content has value.
It doesn't need to be perfect, but if the result is off by an order of magnitude or more than it's pretty useless.
If you have a better method, I'd love to see it.
I'm not saying I have a better way of answering the same question, but that doesn't make your analysis more valid.
As noted in the original post, its based on 5 kWh per GB of data transferred
Yes, I believe that if you take the entire amount of data transferred by the Internet, then divide it by the total amount of power used by all internet-connected devices, then you get 5 kWh per GB (or at least you do if you base it off of the data available in 2012 when that paper was written). But that doesn't mean that if I download an extra GB of data that it took anywhere near 5 kWh to do that.
That paper you linked includes things like "total power consumed by all connected desktop computers" as part of the power budget, but this is obviously flawed reasoning. There are many things that computers do besides transferring data, and even if a computer is sitting idle it consumes a good deal of power as long as it's switched on. If I spend 1 kWh of electricity playing an offline computer game for an hour, then download a 1kB file, that doesn't mean that it costs me 1kWh/kB to download data.
Reddit is apparently the 3rd most popular website: https://old.reddit.com/r/technology/comments/8n959q/reddit_j...
No idea where this info comes from but it gives 1.8 TWh/yr for (the now fourth most popular site) facebook in 2016: https://www.statista.com/statistics/580087/energy-use-of-fac...
Does it make sense for total reddit usage to be ~3.5 TWh/year in 2018? It seems to be in the right ballpark, but who knows how circular these calculations are.
Afaict, you should complain about both or prioritize the larger waste if your true goal is to reduce the amount of wasted energy.
Yes, really. You're trying to deflect to another subject using extremely shoddy calculations (and don't use the "It's a back of the envelope calculation" excuse) because you have no defense for the topic at hand.
"Afaict, you should complain about both or prioritize the larger waste if your true goal is to reduce the amount of wasted energy."
AFAICT, you should stop deflecting and concentrate at the subject at hand before trying to veer off.
My defense is that bitcoin energy usage is really not that high even if it was all a waste (as some seem to think). I offered some rough estimates and at least showed some evidence of effort.
You apparently think the energy usage is very high, based on nothing (at least that you have shared).
>"AFAICT, you should stop deflecting and concentrate at the subject at hand before trying to veer off."
How far did you get through school and where did you go? If you had success, how did you decide which class to study for first, etc, without understanding the reasons to prioritize?
EDIT:
I use school only as a general example most people on this site are probably familiar with. Pretty much any project requires prioritization...
However, I do like how things like PrimeCoin have a residual product from their security.
Cryptocurrency mining creates literally value.
I don't see how bitcoin cannot become more efficient "by definition". In fact it is a very straightforward process. All you have to do is add more zeros onto here and get people to use it.
/** The maximum allowed weight for a block, see BIP 141 (network rule) */
static const unsigned int MAX_BLOCK_WEIGHT = 4000000;
https://github.com/bitcoin/bitcoin/blob/master/src/consensus...The actual limitation is storage, bandwidth, and memory costs. If those become cheaper then there is no reason not to increase that value.
If those costs come down then the "efficiency" can be increased without any impact. It looks like in the last decade they dropped about 10-100x:
https://hblok.net/storage_data/storage_memory_prices-2017-12...
http://drpeering.net/FAQ/What-are-the-historical-transit-pri...