New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals
The amount of energy required to “mine” one dollar’s worth of bitcoin is more than twice that required to mine the same value of copper, gold or platinum, , suggesting that the virtual work that underpins bitcoin, ethereum and similar projects is more similar to real mining than anyone intended.
One dollar’s worth of bitcoin takes about 17 megajoules of energy to mine, according to researchers from the Oak Ridge Institute in Cincinnati, Ohio, compared with four, five and seven megajoules for copper, gold and platinum.
In part of a long read series on quarter three (Q3) reports from a handful of different perspectives, BTCManager will flesh out some of the summer trends as well as give a better idea for future steps. In the following analysis, CoinGecko provides some insight into which projects are earning the most attention ICO-wise, the rise of masternodes, as well…. The post by Liam J Kelly appeared first on , bitcoin, Blockchain & Cryptocurrency News
Die EOS-Plattform wurde von Whiteblock einem ausführlichen Benchmark unterzogen. Dabei konnten weder die kolportierten 5.000 bis 1.000.000 Transaktionen pro Sekunde erzielt werden, noch handelt es sich bei EOS um eine „echte“ Blockchain, so die Analysten. EOS ist seinerzeit angetreten, um ein dezentralisiertes Betriebssystem zu schaffen. Wie die Ethereum-Blockchain erlaubt EOS das Ausführen von Smart Contracts […]Der Beitrag erschien zuerst auf .
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