Cryptocurrency Mining Energy Consumption

Bitcoin's energy usage is huge – we can't afford to ignore it. – Jan 17, 2018. Bitcoin mining computers are pictured in Bitmain's mining farm near Keflavik, Iceland. Photograph: Jemima Kelly/Reuters. Bitcoin's electricity usage is enormous. In November, the power consumed by the entire bitcoin network was estimated to be higher than that of the

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Bitcoin Mining Waste Of Energy

Nov 30, 2017. “Getting rid of Proof-of-Work is urgent: If Bitcoin was a country, it would have 65th highest in global energy consumption. 1 single transaction consumes as much energy as 9.6 US households for an entire day,” said Crain. In response, Antonopoulos noted: “Um no. Immutability is not a waste of energy. A new

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