15 49.0138 8.38624 1 0 4000 1 http://latest-mobile-news.com 300
  • Phone X UI mobile app html template. Color scheme Phone X UI template comes best 10 color combinations CSS along with multi layout styled pages

Study claims Bitcoin energy consumption is exploding — leaving us totally rekt

Bitcoin is the way of the future — as long as that future just so happens to include shocking levels of energy consumption increasing at a jaw dropping rate. 
So claims a new study published yesterday in Joule which, unfortunately for all the hodlers out there, paints a pretty dire picture. Specifically, one painted in ash. It says that by the end of this year Bitcoin electricity use could triple, approaching the consumption rates of the entire country of Austria. 
SEE ALSO: A Bitcoin mining company organized a fake protest at a major New York blockchain conference
Which, yeah. That’s not good. The conclusion of the peer-reviewed paper, written by Alex de Vries, is brutal.  Read more…More about Bitcoin, Energy, Blockchain, Cryptocurrency, and Tech

Powered by WPeMatico

Share:
PREVIOUS POST
The first ‘Call of Duty: Black Ops 4’ trailer doesn’t hold back
NEXT POST
Office collaboration tools are catnip for hackers
Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.