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A set-top cable box with a digital recorder can consume as much as 35 watts of power, costing about $8 a month for a typical Southern California consumer.
You'd need 300,000 of those to match current global Bitcoin capacity and theoretical attacks could be done with 10% of the total - a hundred and twelve tons of gear consuming 37 megawatts of power costing $34 million.
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Before the production credit, wind power costs a little over 9 cents a kwh.
Efficiency is the most powerful lever for reducing solar power costs.
"Power costs are rising.
Coal-fired power costs around 4 cents per kwh to generate.
"Because of the California crisis, power costs increased," Mr. Friedman said.
How could solar power cost us more than that?
Using tax credits will lower the power cost.
The higher efficiency could also reduce power costs.
In 1991, wind power cost 15 cents per kilowatt hour.
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