The Ridiculous Amount of Energy It Takes to Run Bitcoin

Running Bitcoin uses a small city’s worth of electricity. Intel and others want to make a more sustainable blockchain Illustration: Greg Mably

Bitcoin “miners” are electromagnetic alchemists, effectively turning megawatt-hours of electricity into the world’s fastest-growing currency. Their intensive computational activity cryptographically secures the virtual currency, approves transactions, and, in the process, creates new bitcoins for the miners, as payment.

And it...

What feeling does this article give you?
Joy
Disgust
Fear
Anger
Sadness

#hashtags to follow:

Running Bitcoin [+]    Greg Mably [+]    Bitcoin [+]   

More #news:

Loading...