Energy

Bitcoin Mining Wastes Energy? What If That’s Good?

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Bitcoin Mining Wastes Energy? What If That’s Good? – I am frustrated by the debate over whether or not bitcoin is an environmental disaster waiting to happen. No one seems to know what assumptions to use.  Depending on what efficiency ratios we assume for currently operating ASIC mining rigs, they’re either consuming 35 terawatt-hours per … Read more

Do Bitcoin Mining Energy Costs Influence Its Price?

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Do Bitcoin Mining Energy Costs Influence Its Price? Several recent reports have drawn attention to the massive amounts of energy used for bitcoin mining operations. The statistics are staggering. According to the Digiconomist website, a bitcoin country would rank 64th in the world for overall energy usage.  Bitcoin’s annual energy consumption is estimated to be … Read more