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Yet another analysis of the energy consumption of Bitcoin Mining

Bitcoin mining is verifying and adding transactions to a public ledger, known as the blockchain. It requires powerful computers to solve very long mathematical problems to earn rewards for miners in the form of Bitcoin tokens. As this process has become more popular, it has come with a cost – energy consumption. Recent reports suggest […]

Bitcoin VS VISA Electricity Consumption Fallacy

Those new to Bitcoin and mining Bitcoin may not realize how controversial energy consumption is within the financial community. Many media have falsely compared the amount of electricity needed to process a single VISA credit card transaction to Bitcoin transactions. The reasoning behind this is that every industry should do what it can to protect […]