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Can someone explain efficiency?

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inhifistereo

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So I've been thinking about going into all-grain and I keep hearing about "efficiency." I've looked here and haven't found too many explanations and John Palmer kind of confused me (no offense to Palmer).

Can anyone explain this in layman's terms?
 
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inhifistereo

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haha, thanks. I should just go straight to the wiki from now on before I bother any of you.
 
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