Study shows cryptocurrency use requires more energy than mining traditional metals

Scientist have concluded that mining one dollar worth of bitcoin requires 3x the amount of energy needed to mine for one dollar worth of gold. Other cryptos were examined, but yet they still required more power. This is a big thing because it raises the question, if bitcoin becomes a big currency, are we willing to pay for the electricity to run it?

Comments

  1. AnonymousDecember 6, 2018 at 8:09 AM

    interesting.. I didn't know you needed to mine bitcoin? Bitcoin will most likely never become our main form of currency, it is way too complicated to use for most people.

    ReplyDelete
  2. AnonymousDecember 10, 2018 at 9:20 AM

    I agree, bitcoin most likely will never become our main currency.

    ReplyDelete
  3. AnonymousDecember 17, 2018 at 9:19 AM

    I believe that capitalistic America would want to change to this because the greedy electric companies want to make more money on whatever they can. If people pay more to use bitcoin, then the big businesses will be happy

    ReplyDelete
  4. AnonymousDecember 17, 2018 at 9:19 AM

    This is really neat to know that even if something doesn't physically exist it still comes with real world costs and will never become the standard currency of the country .

    ReplyDelete

Post a Comment

Popular posts from this blog

The GM chickens that lay eggs with anti-cancer drugs

https://www.bbc.com/news/science-environment-46993649 Researchers have genetically modified chickens to lay eggs that contain health promoting drugs that can help arthritis and cancer. The drugs are said to be 100 times cheaper to produce when they are laid than when they are produced in a factory. These researchers hope that they can produce the drugs in commercial quantities. The chickens aren't harmed and they just think that they are laying normal eggs. It only takes three eggs to produce enough dosage of the drug and chickens lay about 300 per year. The researchers hope that they can use the chicken drug to promote animal health too.
Read more

The Orange Skies that cast over California due to the Wildfires

 Due to the wildfires occurring in Orinda, California, residents woke up to a orange tinted, ashy sky the morning of September 9, 2020. Strong winds have caused the flames to grow larger, spreading smoke and ash as far as 150 miles south. This has caused poor air quality, which could be dangerous to breathe in. California battles harsh wildfire seasons, and due to climate change and warmer weather, it has led to longer and more devastating seasons. The gases and particles in the smoke are very hazardous and can cause many health problems if inhaled. I think this could be both a financial and social impact. By the fires destroying towns and buildings, they are going to have to  rebuild and put a lot of money back into towns and cities that were damaged. It is also a social issue, because it affected the people that live in Orinda and there personal lives. Hopefully we can start to act on the climate change issue, which will lessen the fire season, making it not so hard for the ...
Read more

Urban Coyote Evolution Favors The Bold

Image
linky Summary Coyotes are becoming an increasing risk in urban areas. They are coming into contact with people and pets more and more as time goes on. Researchers decided to find out what is making coyotes so comfortable around humans and how to prevent these interactions. They are led to believe that it begins with the parenting. They believe the fearlessness is passed down from parent to offspring.  They went to a wildlife conservatory in Utah to observe the captive, but mostly wild, coyotes that reside there. When the keepers feed them, they usually made as little contact with the coyotes as possible, to limit the human interaction. However, when they started staying after they fed them, the coyotes became more comfortable with the human presence. After generations, the coyotes had no fear whatsoever towards the humans. They became bolder with each passing generation. This reveals that as humans, to prevent exposure to these predators, we need to make our yards as uni...
Read more