Sunday, 10 December 2017

It's time to talk about the environmental cost of cryptocurrencies

The energy consumption of Bitcoin and other cryptocurrencies is cause for concern

Bitcoin and other cryptocurrencies have promised a revolution in capital, but at what cost? The Bitcoin network alone is now burning a horrific 240 kilowatt-hours of electricity per transaction, using as much energy as the entire nation of Serbia, and heralding an environmental disaster.

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Category: Environment

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from New Atlas http://ift.tt/2yZppCV

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