This is the Xbox One X. It’s the fastest and smallest Xbox and the first to offer games in 4K. At $499 the higher resolution comes at a steep price. After a week with the console and hours of gaming, I can firmly state the Xbox One X is the best Xbox to date. This Xbox has everything.
Think about it. The Xbox One X is the culmination of the Xbox project and, right now, at this moment in history, the system is not missing a critical feature or capability. I’m happy to report it performs as advertised, too. It’s fast, smooth and capable of playing games from the past and the present with the best possible graphics.
Even though the Xbox One X provides the best possible Xbox experience, it may not be a system for everyone.
From 480p to 4k
The Xbox One X is the third version of the third generation of the Xbox. The original came out in 2001 with the Xbox 360 hitting stores in 2005. The current generation started in 2013 with the Xbox One. The Xbox One X shares a lot of similarities with the first Xbox One yet lacks a feature of the original: Kinect. Microsoft once bet the future of the living room on motion and voice controls. Here we are, some four years later, and the Kinect is dead, and the controller stands tall.
With certain games, graphics pop and colors shimmer in a way that was not possible on past consoles. The jump in quality is significant with the One X. The increase in quality feels more like the jump from the 480p Xbox to the 720p Xbox 360 rather than the jump from the 360 to 1080p Xbox One.
Simply...
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If you are investing in either Bitcoin or Gold, it’s important to understand which asset is behaving more like a bubble than the other. While it’s impossible to understand how the market will value these two very different assets in the future, we can provide some logical analysis that might remove some of the mystery associated with the market price of Bitcoin vs Gold.
I’ve read some analysis on Bitcoin profitability and energy consumption that seemed unreliable, so I thought I would put my two cents in on the subject.
For example, many sites are using the Digiconomist’s work on Bitcoin energy consumption. However, I believe this analysis has overstated Bitcoin’s energy consumption by a large degree. According to the Digiconomist, Bitcoin’s annual electric use is approximately 24 TerraWatts per year (TWh/yr):
In a recent article that was forwarded to me by one of my readers, How Many Barrels Of Oil Are Needed To Mine One Bitcoin, the author used the information in the chart above to calculate the energy cost to produce each Bitcoin. He stated that the average energy cost for each Bitcoin equals 20 barrels of oil equivalent. Unfortunately, that data is grossly overstated.
If we look at another website, the author explains in great detail the actual energy cost to produce each Bitcoin. According to Marc Bevand, he calculated on July 28th, that the average electric consumption of Bitcoin was 7.7 TWh/yr, one-third of the Digiconomist’s figure. Here is a chart and table from Marc Bevand’s site showing how he arrived at the figures:
This graph shows the increase in Bitcoin’s hash rate and the efficiency of the Bitcoin Miners at the bottom. If