According to newly published research, mining cryptocurrency takes nearly twice as much energy than mining gold, platinum, and copper, on average. And all of this waste is simply because the creators of bitcoin did not understand how money works, thinking it should be based on some commodity, like gold! You mine bitcoin … Continue reading It takes three times more energy to mine Bitcoin than gold
Network’s estimated power use also exceeds that of 19 other European countries, consuming more than five times output of continent’s largest windfarm This is worrisome as bitcoin power consumption is nowhere near … Continue reading Bitcoin mining consumes more electricity a year than Ireland
“One like, one unpopular Blockchain/Cryptocurrency opinion” Interesting thread on Blockchain and Cryptocurrencies. Click the below image for the actual Twitter thread: Source: Nelson M. Rosario on Twitter: “One like, one unpopular Blockchain/Cryptocurrency … Continue reading Nelson M. Rosario on Twitter: “One like, one unpopular Blockchain/Cryptocurrency opinion”
A new movie sets its doomed entrepreneurs amidst 17th-century “tulipmania”—but historians of the phenomenon have their own bubble to burst. All the outlandish stories of economic ruin, of an innocent sailor thrown … Continue reading There Never Was a Real Tulip Fever
JP Morgan chief claims BitCoin is a “fraud” reserved for criminals. He would know. JP defrauded its customers for decades without need for a crypto-currency. The only reason crypto-currencies are hot right … Continue reading BitCoin will not be our saviour
The digital world is taking more and more space in our lives… and dramatically increasing electrical use. It’s a serious problem given the urgent need fight climate change. In a 2014 study, … Continue reading The bitcoin and blockchain: energy hogs
Australian entrepreneur Craig Wright has publicly identified himself as Bitcoin creator Satoshi Nakamoto. People still have their doubts, but the evidence does appear to support that this is the guy. What does … Continue reading Craig Wright revealed as Bitcoin creator Satoshi Nakamoto
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