{"id":683,"date":"2021-02-27T09:39:06","date_gmt":"2021-02-27T08:39:06","guid":{"rendered":"http:\/\/costops.com\/index.php\/2021\/02\/27\/electricity-needed-to-mine-bitcoin-is-more-than-used-by-entire-countries\/"},"modified":"2021-02-27T09:39:06","modified_gmt":"2021-02-27T08:39:06","slug":"electricity-needed-to-mine-bitcoin-is-more-than-used-by-entire-countries","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2021\/02\/27\/electricity-needed-to-mine-bitcoin-is-more-than-used-by-entire-countries\/","title":{"rendered":"Electricity needed to mine bitcoin is more than used by ‘entire countries’"},"content":{"rendered":"

Bitcoin mining \u2013 the process in which a bitcoin is awarded to a computer that solves a complex series of algorithm \u2013 is a deeply energy intensive process<\/p>\n

It\u2019s not just the value of bitcoin that has soared<\/a> in the last year \u2013 so has the huge amount of energy it consumes.<\/p>\n

The cryptocurrency\u2019s value has dipped recently after passing a high of $50,000 but the energy used to create it has continued to soar during its epic rise, climbing to the equivalent to the annual carbon footprint of Argentina, according to Cambridge Bitcoin Electricity Consumption Index<\/a>, a tool from researchers at Cambridge University that measures the currency\u2019s energy use.<\/p>\n

Continue reading…<\/a>
\nBitcoin mining \u2013 the process in which a bitcoin is awarded to a computer that solves a complex series of algorithm \u2013 is a deeply energy intensive process
\nIt\u2019s not just the value of bitcoin that has soared in the last year \u2013 so has the huge amount of energy it consumes.
\nThe cryptocurrency\u2019s value has dipped recently after passing a high of $50,000 but the energy used to create it has continued to soar during its epic rise, climbing to the equivalent to the annual carbon footprint of Argentina, according to Cambridge Bitcoin Electricity Consumption Index, a tool from researchers at Cambridge University that measures the currency\u2019s energy use. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin mining \u2013 the process in which a bitcoin is awarded to a computer that solves a complex series of algorithm \u2013 is a deeply energy intensive process It\u2019s not just the value of bitcoin that has soared in the last year \u2013 so has the huge amount of energy it consumes. The cryptocurrency\u2019s value …<\/p>\n

Electricity needed to mine bitcoin is more than used by ‘entire countries’<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":684,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/683"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=683"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/683\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/684"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=683"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}