Cryptocurrency Chia Seeks to End Huge Electricity Demands of Bitcoin

As brilliant as a tool for financial empowerment as it is, Bitcoin isn’t terribly environmentally friendly. It’s been estimated by Alex de Vries at Digiconomist that with BTC priced as it currently is, it would be profitable for miners to consumer 24 terawatt-hours in power every year. Put another way, more electricity than the entire state of Nigeria and its 186 million inhabitants use per annum. The analyst told MotherBoard:
Blockchain is inefficient tech by design, as we create tr