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Bitcoin Mining Consumes Over 3X the Energy of Gold Mining: Research

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bitcoin Mining Consumes Over 3X the Energy of Gold Mining: Research

A new paper indicates that the energy required to mine cryptocurrencies is more than what is consumed when excavating for metals of equivalent dollar value. In the paper which was published on November 5 by the Nature journal, researchers at the Cincinnati, Ohio-based Oak Ridge Institute noted that bitcoin consumes more than three times the … Continued

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Bitcoin Mining Consumes Over 3X the Energy of Gold Mining: Research

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Japanese e-commerce giant rakuten to launch its own cryptocurrency

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Japanese E-Commerce Giant Rakuten To Launch Its Own Cryptocurrency Japan’s largest e-commerce company Rakuten, with a market capitalization of over $12.5 bln, is planning to launch its own cryptocurrency called Rakuten Coin based on Blockchain […]

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