What Happens to Bitcoin After All 21 Million are Mined? Bitcoin is like gold in many ways. Like gold, Bitcoin cannot simply be created arbitrarily. Gold must be mined out of the ground, and Bitcoin must be mined via digital means. Linked with this process is the stipulation set forth by the founders of Bitcoin … Read more
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
Bitcoin Price Sets Another Record High By Crossing $9,000 Mark: Bitcoin investors have much to be thankful for. At the start of the long weekend, the price for one bitcoin was $8,224.78. At 07:14 UTC today, it registered a new high of $9,043.19, the first time that it has crossed the $9,000 mark. By 13:57 … Read more