How to heat your chickens (and your home) with Bitcoin | Boing Boing

For the first time ever, the Bitcoin market value has just topped $1 trillion. That’s great news for crypto investors! Unfortunately, it also means the currency’s energy consumption demands are skyrocketing with it. According to recent reports, the complicated computational algorithms that enable cryptomining are now using more energy than the entire country of Argentina, up from 2019 when it was “just” the equivalent of Sweden.Put another way: If Bitcoin were a country, its 121.36 terawatt-hours (TWh) per year energy budget would place it in the top 30 energy-consuming nations in the globe. (Ethereum, another loved cryptocurrency, is allegedly trying to address this.)
But some savvy cryptominers have found a way to use this to their advantage. As long as they’re spending money to power computers to run algorithms to verify digital financial exchanges, they figure they may as well reap the benefits. From the Wall Street Journal:

In the pandemic’s early days, ……

Read More

*This article contains affiliate links*

Trending Posts

Related Posts