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 electricity | Wrong |
Miners mine up to the point that all of the money they earn is used to pay for electricity | Wrong |
The energy efficiency of mining hardware decreases with age | Wrong |
Everyone mines at the maximum claimed efficiency | Correct |
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