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            "note": "<div class=\"cmt cmt-untrusted\">\n<p><strong><span class=\"cmt-user\">Legg merke til overhead som blir nemnd i denne kommentaren (ev. også i sjølve artikkelen?):</span></strong></p>\n<p><span class=\"cmt-user\">hashingitcom</span> <span class=\"cmt-break0\">wrote:</span> <span class=\"cmt-content\">I like it - I've not run the estimates on mining for a while (busy with other stuff), but I just found one from about 2 years ago where I'd estimated a best case of 160 MW, and a more likely 320 MW at that point in time.<br /><br />Do your energy figures allow for just the ASIC characteristic or have you factored other inefficiencies (especially in PSUs, cooling, etc.)?</span> <span class=\"cmt-date\">30 Mar 2017 09:46 UTC</span></p>\n</div>\n<div class=\"cmt cmt-trusted\">\n<p><span class=\"cmt-user\">mrb</span> <span class=\"cmt-break0\">wrote:</span> <span class=\"cmt-content\">Yes my estimates do take into account inefficiencies (1) of power supplies and (2) of the cooling at the chassis level, because J/GH figures are measured \"at the wall.\"<br /><br />There is also the PUE to consider (overhead at the data center level) which is typically very low for mining farms, 1.05 or so. But the *lower and upper bounds* do not need to take into account the PUE. The lower bound, by nature, needs to assume the overhead is zero. And the upper bound is such a worst-case &amp; unrealistic estimate (by assuming miners deploy the least efficient hardware) that it must surely already overestimate power by at least 5%.<br /><br />For my *best guess* estimates, in theory I should add 5%. But the variance is pretty large at 470-540 MW and not meant to be 5% accurate, so it would not be useful to do so.</span> <span class=\"cmt-date\">30 Mar 2017 21:13 UTC</span></p>\n</div>",
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            "abstractNote": "<p>Bitcoin, the digital cryptocurrency, has been celebrated as the future of money on the Internet. Although Bitcoin does present several forward-looking innovations, it also integrates a very old concept into its digital architecture: the mining of precious metals. Even though Bitcoin explicitly invokes mining as a metaphor and gold as an example for understanding the cryptocurrency, there has been little critical work on the connections between Bitcoin and previous metalist currency regimes. The following essay proposes a historical comparison with colonial South American silver mining and the global currency regime based on the New World silver peso it created as a way to interrogate Bitcoin. The comparison with colonial South America, and specifically the silver mining economy around the Cerro Rico de Potosí, will help to develop a historical and political understanding of Bitcoin's stakes, including questions of resources, labor, energy, and ecology. Mining and the extractive apparatus that accompanies it always imply massive-scale earthworks that reshape the planet itself, a process known as terraforming. The Potosí comparison will reveal Bitcoin to form part of a similar process of digital primitive accumulation we can provisionally name cryptoforming.</p>",
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