Enlarge (credit: Aurich Lawson / Getty) Bitcoin’s massive power consumption is the cryptocurrency’s dirty secret. To mine bitcoin, computers across the globe chew through enough electricity to power a medium size country, somewhere on the order of the Netherlands or Poland depending on the particular estimate. In fact, electricity has become such the significant factor […]
Enlarge / China has cracked down on bitcoin and other cryptocurrencies in a bid to limit capital outflows. (credit: Nuthawut Somsuk/iStock Editorial ) China’s crackdown on cryptocurrencies intensified today, with the country’s central bank announcing that all crypto-related transactions are illegal. “There are usually legal risks for individuals and organizations participating in virtual currency and […]
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