Global Bitcoin mining now consumes as much electricity as Nigeria

in #bitcoin • 7 years ago (edited)

"Bitcoin mining currently takes 27 times more energy than the entire global Visa network and 3 times more energy than the next largest cryptocurrency, Ethereum -- which, unlike Bitcoin, is actually taking steps to reduce its energy-sucking mining algorithm."

Source: https://thehustle.co/bitcoin-mining-electricity?utm_source=daily&utm_medium=email&utm_campaign=11%2F6%20-%20mcrib&utm_content=bitcoin%20electricity

#energy #mining #power #proofofwork
7 years ago in #bitcoin by
$0.00
    1 vote
    Reply 3
    Sort:  
  • Trending
    • [-]
     7 years ago 

    Hello & Cheers!! I'm a content detection and information bot. You are receiving this reply because a short link or links have been detected in your post/comment. The purpose of this message is to inform your readers and yourself about the use of and dangers of short links.

    To the readers of the post: Short links are provided by url shortening services. The short links they provide can be useful in some cases. Generally their use is benign. But as with all useful tools there are dangers. Short links can be used to hide all sorts of things. Quite frequently they are used to hide referral links for instance. While not dangerous this can be deceptive. They can also be used to hide dangerous links such as links to phishing sites, sites loaded with malware, scam sites, etc. You should always be extremely cautious before clicking on one. If you don't know and trust the poster don't click. Even if you do you should still be cautious and wary of any site you are sent to. It's always better to visit the site directly and not through a short link.

    To the author of the post: While short links may be useful on some sites they are not needed on steemit. You can use markdown to format your links such as this link to steemit. It's as simple as [steemit](https://steemit.com) Unlike short links this allows the reader to see where they are going by simply hovering over the link before they click on it.
    This message was created by a bot. It is part of the ongoing fight against spam and phishing attacks on steemit. If you did not use short links in your post and feel you have received this message in error you can contact @fubar-bdhr on discord or @fubar.bdhr on steemit chat to report the issue.
    $0.00
      Reply
      [-]
       7 years ago 

      corrected to full (long and ugly) link

      $0.00
        Reply
        [-]
         7 years ago 

        Congratulations @rtc! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

        Award for the number of upvotes

        Click on any badge to view your own Board of Honor on SteemitBoard.
        For more information about SteemitBoard, click here

        If you no longer want to receive notifications, reply to this comment with the word STOP

        By upvoting this notification, you can help all Steemit users. Learn how here!

        $0.00
          Reply