Gregory Maxwell [ARCHIVE] on Nostr: 📅 Original date posted:2014-10-28 📝 Original message:On Tue, Oct 28, 2014 at ...
📅 Original date posted:2014-10-28
📝 Original message:On Tue, Oct 28, 2014 at 9:19 PM, Jérémie Dubois-Lacoste
<jeremie.dl at gmail.com> wrote:
> The fact that a topic was brought up many times since a long time,
> does not mean it is not relevant.
I am not saying that it is "not relevant", I'm saying the discussion
is pointless:
No new information has arrived since the very first times that this
has been discussed except
that the first halving passed without incident.
If people were not sufficiently convinced that this was a serious
concern before there was concrete evidence (however small) that it was
okay, then discussion is not likely going to turn out differently the
50th or 100th time it is repeated...
except, perhaps, by wearing out all the most experienced and
knowledgeable among us as we become tired of rehashing the same
discussions over and over again.
On Tue, Oct 28, 2014 at 9:23 PM, Ferdinando M. Ametrano
<ferdinando.ametrano at gmail.com> wrote:
[snip]
> As of now the cost per block is probably already about 100USD, probably in
> the 50-150USD.
This is wildly at odds with reality. I don't mean to insult, but
please understand that every post you make here consumes the time of
dozens (or, hopefully, hundreds) of people. Every minute you spend
refining your post has a potential return of many minutes for the rest
of the users of the list.
At current difficulty, with a SP30 (one of the
leading-in-power-efficiency) marginal break-even is ~1144.8852 * $/kwh
== $/btc.
At $0.10/kwh each block has an expected cost right now, discounting
all one time hardware costs, close to $3000.
Published at
2023-06-07 15:27:00Event JSON
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"content": "📅 Original date posted:2014-10-28\n📝 Original message:On Tue, Oct 28, 2014 at 9:19 PM, Jérémie Dubois-Lacoste\n\u003cjeremie.dl at gmail.com\u003e wrote:\n\u003e The fact that a topic was brought up many times since a long time,\n\u003e does not mean it is not relevant.\n\nI am not saying that it is \"not relevant\", I'm saying the discussion\nis pointless:\n\nNo new information has arrived since the very first times that this\nhas been discussed except\nthat the first halving passed without incident.\nIf people were not sufficiently convinced that this was a serious\nconcern before there was concrete evidence (however small) that it was\nokay, then discussion is not likely going to turn out differently the\n50th or 100th time it is repeated...\nexcept, perhaps, by wearing out all the most experienced and\nknowledgeable among us as we become tired of rehashing the same\ndiscussions over and over again.\n\nOn Tue, Oct 28, 2014 at 9:23 PM, Ferdinando M. Ametrano\n\u003cferdinando.ametrano at gmail.com\u003e wrote:\n[snip]\n\u003e As of now the cost per block is probably already about 100USD, probably in\n\u003e the 50-150USD.\n\nThis is wildly at odds with reality. I don't mean to insult, but\nplease understand that every post you make here consumes the time of\ndozens (or, hopefully, hundreds) of people. Every minute you spend\nrefining your post has a potential return of many minutes for the rest\nof the users of the list.\n\nAt current difficulty, with a SP30 (one of the\nleading-in-power-efficiency) marginal break-even is ~1144.8852 * $/kwh\n== $/btc.\n\nAt $0.10/kwh each block has an expected cost right now, discounting\nall one time hardware costs, close to $3000.",
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