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

Dual-fuel vehicles

A recent study shows that dual- fuel vehicles are benefiting the population but, turns out they are costing the environment. While substituting gasoline for ethanol gases, it causes an increase of ultra fine particle matter, with a 30% increase of atmospheric concentration. The problem is that they are less then 50 nanometers in diameter. The nano particles are also not track or regulated by the environmental agencies. We inhale these gases everyday, inhaling ethanol. The most practical way to reduce greenhouse gases is using electric, hybrid and biofuel care.   https://www.sciencedaily.com/releases/2017/08/170828124546.htm
Read more

Acid Zone in Chesapeake Bay Found

     According to the University of Delaware, the Chesapeake Bay is becoming acidic as it has gone to 7.4 pH from an average of 8.2. The oxidation of ammonia and hydrogen sulfide may be the factor that is leading to the higher acidity levels in coastal oceans, but it can eventually lead to more of open oceans. Naturally the waters of the Chesapeake Bay have a regulatory system that holds back the increase of acidity levels in the area, and this works as the dissolving of living shells, non-living aragonite, and calcite minerals. Though nature has a path to keep the waters in the Chesapeake Bay, humans should take more care of our Earth as we have a role in polluting the water and rising the acidity levels in coastal oceans. https://www.sciencedaily.com/releases/2017/08/170828093737.htm
Read more