Bitcoin mining—the process by which new bitcoins are entered into circulation—is notoriously energy-intensive. It requires powerful, specialized computers known as ASICs (Application-Specific Integrated Circuits) that are capable of handling immense computational tasks. These machines operate continuously and compete against each other to solve mathematical problems that become progressively more difficult over time. The energy consumption […]
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The Seasteading Institute argue that the ocean can become home to sustainable new societies in cities that float.
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The way the crypto miners produce currency is through an energy-intensive process requiring vast computing resources. According to recent estimates, over the course of a year, cryptocurrency consumes around 64 TWh (terawatt hours) of energy.
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Forward-thinking waste management firm, Business Waste, have said that they are ‘reluctantly’ no longer accepting cryptocurrencies – such as Bitcoin – as payment for their services. The company originally announced it had become the first refuse and recycling business to accept these virtual currencies as payment in 2017 in order to give flexibility to their customers […]
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BITBOX will launch the Middle East’s first bitcoin ATM tomorrow evening local time in Tel Aviv. The specialized vending machine allows even novice bitcoin users to both purchase and sell bitcoins in a very secure manner.
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