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bitcoin mining News

Bitcoin mining boom in Iceland uses huge amounts of power

Iceland is experiencing a boom in bitcoin mining a boom for the economy but also a huge drain on power resources in the country.

Bitcoin is recovering but some signs are bearish

On Saturday bitcoin managed to claw back up to a six-day high of $9,070.64 before falling back below $8,000 but climbed back up over $8,700 on Sunday.

Bitcoin's dirty little secret has real-world consequences

Bitcoin is basically a cryptocurrency, secret computer money without any physical form. Today, one bitcoin is worth nearly $19,000, but to get one, you either buy from an online exchange or use special computer hardware to mine it, and that is a problem.

Bitcoin mining consuming more and more power

A somewhat neglected issue in discussions of bitcoin is the tremendous increase in power consumption used by miners. The rising amount of power required to mine bitcoin conflicts with other attempts to reduce the carbon footprint of industry

'Green' Bitcoin alternative Chia cuts electricity use

The inventor of the BitTorrent torrent network has announced a new cryptocurrency that's a more eco-friendly alternative to Bitcoin. Mining cryptocurrencies requires massive amounts of electricity. Chia uses a different approach that's less demanding.

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