There are no breaking news at the moment

Articles by: Guy Lane

Bitcoin Has An Energy Problem That Solar Power Can’t Fix

Bitcoin Has An Energy Problem That Solar Power Can’t Fix

  Bitcoin mining – the mechanism of creating Bitcoins and approving transactions on the blockchain – consumes prodigious amounts of electricity due to the use of a ‘Proof of Work’ cryptographic algorithm. While some Bitcoin is mined using clean energy (hydropower and geothermal energy, mainly) most Bitcoin is mined using coal, because coal power is both ubiquitous and cheap. Unfortunately,[Read More…]