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Bitcoin mining

11/30/2017 / By Ethan Huff

Bitcoin is powered by COAL: Massive electricity usage to mine Bitcoins runs mostly on coal and pollutes the world with mercury and smog

Because they exist fictitiously somewhere out there in cyberspace, digital cryptocurrencies like Bitcoin might seem like more eco-friendly alternatives to traditional cash. But the latest data shows that not only does “mining” Bitcoin consume unprecedented amounts of energy, but the bulk of this energy comes from coal: A highly-polluting substance that, when burned, releases mercury […]

11/28/2017 / By News Editors

Bitcoin mining now consuming more electricity than 159 countries including Ireland and most of the countries in Africa

Bitcoin’s ongoing meteoric price rise has received the bulk of recent press attention with a lot of discussion around whether or not it’s a bubble waiting to burst. (Article republished from PowerCompare.co.uk) However, most the coverage has missed out one of the more interesting and unintended consequences of this price increase. That is the surge […]

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