It takes three times more energy to mine Bitcoin than gold

It takes three times more energy to mine Bitcoin than gold
фото показано с : thenextweb.com

2018-11-6 13:54

According to newly published research, mining cryptocurrency takes nearly twice as much energy than mining gold, platinum, and copper. Bitcoin on its own, needs three times as much energy to mine than compared to gold.

Researchers from the Oak Ridge Institute for Science and Education in Cincinnati tracked the daily energy demand and hashrate of Bitcoin, Ethereum, Litecoin, and Monero between 1st January 2016 to 30th June 2018. The researchers then used the average daily market prices of each cryptocurrency – and the respective rewards gained from successfully mining a block – to calculate how much energy it takes to…

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energy bitcoin gold takes mining much cryptocurrency

Источник: thenextweb.com

energy bitcoin → Результатов: 126


Bitcoin Energy Consumption Exaggerated says Energy Researcher

In Jan 2018, an independent article was published online which shows the different energy consumptions associated with Bitcoin mining with regards to different destinations. From the published article, it was seen that bitcoin miners in Venezuela will maximize cost as it was the country with the cheapest energy consumption for bitcoin mining, which stood below […] The post Bitcoin Energy Consumption Exaggerated says Energy Researcher appeared first on ZyCrypto.

2018-8-21 16:43


Фото:

Bitcoin Energy Consumption Could Drive Innovation, Says Research Associate

Bitcoin (BTC)–By now, most within and outside of the industry of cryptocurrency are familiar with the narrative surrounding Bitcoin energy usage. The argument goes that as Bitcoin becomes a more popular choice in terms of digital currency, the increase of miners looking to capitalize on transaction fees and reward payouts will increase, thereby also raising […] The post Bitcoin Energy Consumption Could Drive Innovation, Says Research Associate appeared first on Ethereum World News.

2018-8-21 04:14


Research Associate: Conversations Around Bitcoin and Energy Have Been Oversimplified

In the almost decade long existence of Bitcoin, the network has repeatedly come under fire for the large amount of electricity required to secure it. However, one researcher believes that the current discussion on energy use is largely redundant since it doesn’t take into account how the electricity itself is sourced or how technology evolves.

2018-8-20 22:30


Фото:

South Korea Blockchain Industry Blooming – Swytch Announces Partnership to Expand Possibilities for Renewable Energies

South Korean city Chuncheon has joined with Swytch in a partnership to expand and accelerate the city’s use of renewable energy. In a move that mirrors other government investments in the blockchain, the agreement between the city and Swytch will see the two organizations examining how to use Swytch technology to make more citizens benefit […] South Korea Blockchain Industry Blooming – Swytch Announces Partnership to Expand Possibilities for Renewable Energies was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-8-20 13:59


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