What is the mainstream view on what we can expect the long-run ratio of hardware costs to electricity costs of ASIC mining to be?
Last time I did the math, hardware was 75% and electricity 25%, wondering if that has or is expected to change.
Last time I did the math, hardware was 75% and electricity 25%, wondering if that has or is expected to change.
This question is important because if hardware dominates, the arguments that ASIC mining is not that wasteful because ASICs can just turn on and off as needed to absorb spare power capacity that would otherwise go unused or dual-use as heaters are completely false.
OTOH if electricity dominates, the spare capacity / heating dual use argument is more credible, but then the argument that ASICs have some of the benefits of PoS no longer holds water.
