Bitcoin Uses More Electricity Than Many Countries

Nick Szabo theorized a cryptocurrency before bitcoin. You are familiar with the fact that bitcoin is a virtual currency, and it does not have physical existence. Since bitcoin is virtual, bitcoin transactions consume an exceeding extent of electricity. The fact might amaze you that the electricity consumption of bitcoin mining is more than in some countries such as Pakistan. All the more, the profitability of bitcoin mining is not as stable as bitcoin trading....

February 14, 2023 · 4 min · 649 words · Richard Rivera
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