Will Bitcoin Use as Much Electricity as All of Austria by the End of the Year?

11:00 EDT 21 May 2018 | Sinngularityhub

Cryptocurrencies like Bitcoin were designed to be efficient, low-friction alternatives to traditional financial systems. But it seems their creators maybe didn’t think too hard about their sustainability. An analysis published in the journal Joule this week predicts the Bitcoin network could be using 7.67 gigawatts of electricity by the end of the year. That’s half […]

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