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Wednesday, September 23, 2015

Bitcoin and Cryptocurrency Technologies - Quiz 5 Problem 4

Which of the following are assumptions made about the LOWER bound for the energy used for mining Bitcoins? (check all that apply)

Everyone mines where it is cold (cooling doesnt consume energy)Correct
Miners all pay the same for electricityWrong
Miners mine up to the point that all of the money they earn is used to pay for electricityWrong
The energy efficiency of mining hardware decreases with ageWrong
Everyone mines at the maximum claimed efficiencyCorrect

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