Today news
About the same in other media
‘Ditching’ PoW will benefit miners per ‘least disruptive’ solution by Ripple’s Chris Larsen
Reading now: 503
ambcrypto.comMining for Bitcoin is a highly intensive process. It involves heavy computing to verify transactions. The energy demand for mining Bitcoin has grown significantly since 2013. As of 10 December, it reached 130 terawatt-hours per year, according to data from the Cambridge Bitcoin Electricity Consumption Index (CBECI).
Well, this aspect still remains a topic of endless debate in the crypto space. In fact,post-exodus from China, the U.S. has become the hotspot for Bitcoin miners.
Executive Chairman and Co-founder of Ripple Chris Larsen just recently portrayed his narrative that could possibly solve the emerging crisis. In a blog post titled, “Bitcoin mining stocks could rally on PoW change,” Larsen expressed his concerns as well as unveiled his
Read more on ambcrypto.comAbout this in other media
Fed chair Jerome Powell says he isn't concerned about crypto disrupting financial stability in the US cointelegraph.com /2 years ago
Fed Meets for First Time Since Powell Signaled Policy Shift wsj.com /2 years ago
Investors Should Care About the Logic Behind the ‘Powell Pivot’ wsj.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
