Photonics Bitcoin Mining Tech Aims to ‘Democratize’ Energy Use

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Photonics Bitcoin Mining Tech Aims to 'Democratize' Energy UseThree researchers have published a paper at Cornell University’s arxiv.org proposing a system called Optical Proof of Work (OPOW) to potentially be employed in Bitcoin mining. According to the paper, “heavy reliance on electricity has created scalability issues, environmental concerns, and systemic risks.” The authors state that silicon photonics could be used to shift mining […]

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