1 thought on “Jim Rickards TRASHES Bitcoin: “Bitcoin is Garbage” (Video)”

  1. Reg 51% Attack on BTC from a Calulation from 2021
    (expect this to be much higher now)

    The 2021 Target Hashrate on the Bitcoin network is 145,472,737.165 TH/s.
    (current BTC Hashrate: 214.64 EH/s)

    Assuming cheapest Electricity Price in the world is USD 0.01 per kWh

    Required Equipment = Target Hashrate / Hardware Hashrate = 145,472,737.165 / 100 ? 1,454,727 circuits.

    Hardware Cost = 1,454,727 circuits * USD 9,300.00 = USD 13,528,961,100.00.

    Electricity Cost = 1,454,727 circuits * 2.95 kWh * USD 0.01 * 24 hours = USD 1,029,946.72.

    Therefore, the total cost is USD 13.529B. (in 2021)

    Reply

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