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Bookmarking Crypto InsightsTue, 19 Jan 2021 23:00:40 +0000en-US
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3232Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today’s Banking System
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Tue, 19 Jan 2021 23:00:40 +0000https://www.digit.info/2021/01/19/bitcoin-energy-consumption-is-far-more-efficient-and-greener-than-todays-banking-system/Read more]]>While bitcoin and a variety of digital currencies have swelled in value, a number of critics have spread fear, uncertainty, and doubt (FUD) in regard to the energy consumption proof-of-work (PoW) cryptocurrencies leverage to produce new units of currency. Just recently the software engineer Stephen Diehl expressed his dissatisfaction over the environmental cost of bitcoin. […]
While bitcoin and a variety of digital currencies have swelled in value, a number of critics have spread fear, uncertainty, and doubt (FUD) in regard to the energy consumption proof-of-work (PoW) cryptocurrencies leverage to produce new units of currency. Just recently the software engineer Stephen Diehl expressed his dissatisfaction over the environmental cost of bitcoin. […]