An energy blackhole? The dirty truth about bitcoin mining ...News

Russia Today - Economy
An energy blackhole? The dirty truth about bitcoin mining
source : Russia Today ( News ) () 123
Bitcoin and crypto miners do consume vast amounts of power, but how much power do they really use, and are they actually a big burden on the grid? For some crypto buffs, critics who squawk at the vast amounts of energy supposedly consumed by crypto mining and how it contributes to climate change are little more than churlish, pedantic party poopers.  In one camp are the PoW (Proof-of-Work) maximalists who argue that bitcoin is the “most secure public chain” as measured by hashrate, but denying that bitcoin is an energy hog. Also on rt.com Sanctions-hit Iran becoming ‘heaven

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