Bitcoins Power Needs May Be Overblown

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Speculation that Bitcoin mining will lead to “uncontrolled growth” in electricity consumption may be overblown, recalling the hype that surrounded projections for data centers and marijuana growing. While Bitcoin miners currently use about as much electricity as Ireland, they are … Continued

Bitcoin Could End Up Using More Power Than Electric Cars

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The global power needed to create cryptocurrencies this year could rival the entire electricity consumption of Argentina and be a growth driver for renewable energy producers from the U.S. to China. Miners of bitcoin and other cryptocurrencies could require up … Continued