21-05-2018 21:00 via newsbtc.com

How Will Bitcoin Solve Its Energy Consumption Problem?

If Bitcoin were a country, it would be the 40th largest consumer of electricity in the world. A new research paper has highlighted the growing problem as major cryptocurrencies seek to solve it.
Bitcoin’s Energy Crisis Explored
According to the figures, the amount of energy used for each transaction could run a dishwasher for a year.
Alex de Vries wrote: “With the Bitcoin network processing just 200,000 transactions per day, this means that the average electricity consumed per transa
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