In less than a century, the world will reach a major turning point: the maximum number of bitcoins that can be created. Bitcoin is a cryptocurrency and a payment system, first proposed by an anonymous person or group of people under the name Satoshi Nakamoto in 2008. Bitcoin is unique in that there are a […]
How Does Bitcoin Use Fossil Fuels
Bitcoin and other digital currencies are often criticized for their energy consumption. Bitcoin alone is estimated to use as much energy as the entire country of Switzerland. So how does Bitcoin use fossil fuels? Bitcoin mining requires a tremendous amount of energy. This is because Bitcoin miners are rewarded with new Bitcoins for verifying and […]
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