Bitcoin transactions could consume as much energy as Denmark by the year 2020

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The numbers in this study are very back-of-the-envelope and assume a worst case: widespread adoption of Bitcoin and not much improvement in Bitcoin mining activity, along with long replacement cycles for older, less efficient mining rigs. Even the best case scenario has Bitcoin consuming a shocking amount of electricity. (more…)

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Bitcoin transactions could consume as much energy as Denmark by the year 2020

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