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mining
06/19/2018 / By Ethan Huff
As Bitcoin wastes the world’s electricity, Bitcoin mining now a money-LOSING proposition
The market price of the popular online cryptocurrency Bitcoin has sunk so low in recent days, compared to the all-time highs it reached last Christmas, that “mining” the digital “money” is no longer a profitable endeavor, new reports indicate. Because “digging up” Bitcoins from cyberspace requires an incredible amount of computing power and constant technology […]
01/15/2018 / By Ethan Huff
Cryptocurrency is now breaking the power grid of a U.S. county as electrical consumption for Bitcoin mining reaches “insane” territory
The amount of electricity required to mine and transact Bitcoin is now so high that a small county in Washington state is having to kick production into overdrive. According to reports, Douglas County, located in almost the dead-center of the state, has some of the cheapest electricity rates in the country, and this has created heavy […]
11/29/2017 / By Ethan Huff
Bitcoin on track to consume the ENTIRE global electricity supply by the year 2020
As the online cryptocurrency known as Bitcoin reaches record price highs, many people are now asking themselves: Is Bitcoin really where the financial sector is headed? Not if you care about the environment, suggests shocking new data compiled as part of Digiconomist‘s “Bitcoin Energy Consumption Index” (BECI). This eye-opening measure of how much energy it […]
09/17/2017 / By Mike Adams
John McAfee accidentally just revealed why Bitcoin is a total fraud: Behold the logic of “artificial work”
In a recent CNBC interview that’s being widely touted by self-deluded Bitcoin promoters as some kind of “smack down” of JP Morgan CEO Jamie Dimon, Bitcoin advocate John McAfee accidentally admitted why Bitcoin is a total fraud that’s doomed to fail. In answering Jamie Dimon’s recent declaration that Bitcoin is a fraud, McAfee replied: (see […]
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