Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today’s Banking System

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Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today's Banking SystemWhile bitcoin and a variety of digital currencies have swelled in value, a number of critics have spread fear, uncertainty, and doubt (FUD) in regard to the energy consumption proof-of-work (PoW) cryptocurrencies leverage to produce new units of currency. Just recently the software engineer Stephen Diehl expressed his dissatisfaction over the environmental cost of bitcoin. […]

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