Energy Consumption In Crypto Mining: KuCoin Blog

in #cryptomining • 5 years ago

Exactly how sustainable is Bitcoin? What about the other proof of work cryptocurrencies? They have revolutionized the way we think about money and the financial institutions that control it: a truly trustless economy is possible, with no third party required for people to make monetary transactions. Recently Bitcoin’s 24-hour trading volume surpassed $20 billion, all without any bank or organization’s approval or oversight. With BTC on the rise again, it seems that the blockchain is here to stay.
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KuCoin Blog: https://blog.kucoin.com/energy-consumption-in-crypto-mining-sk-st

#bitcoin #ethereum #kucoinblog #energyconsumption
5 years ago in #cryptomining by
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     5 years ago 

    Yes, but it shouldn't be compared to the whole countries. Mining difficulty should be compared to the energy requirements of the current banking system. That would be far more insightful.

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