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INCREDIBLE ENERGY WASTE: Bitcoin to use half a percent of the world’s electric energy consumption by the end of this year

New research published in the journal Joule warns that the energy consumption needed to mine and process Bitcoin could end up being far higher than anyone ever imagined before the year’s end.  The latest estimates suggest that the Bitcoin network may end up sucking down half a percent of the world’s total energy output by the end of 2018, which some say could end up making it too cost-prohibitive to even use the cryptocurrency.  Read more...


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