The future of Bitcoin and other cryptocurrencies are bright — depending on who you ask. Ask that question of a crypto-trader or investor, and you’ll get a positive response. Ask an environmentalist, however, and you might receive a very different response. That’s because as Bitcoin’s popularity soars, so does its overall global power consumption. An entirely digital currency requires a significant amount of computing power. The process of creating new Bitcoin (“Bitcoin mining”) also requires a considerable amount of processing power. So much so that Bitcoin allegedly uses more electricity than the countries of Ireland and Denmark. Is it true?...
Read the full article: Bitcoin Mining Electricity Consumption: Where’s All the Power Going?
Read Full Article
No comments:
Post a Comment