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Tag: bitcoin mining

August 30, 2018 Energy

The Bitcoin System Uses Enormous Amounts of energy

Bitcoin mining is a process that creates new bitcoins while keeping the network’s contributed transaction ledger. Nobody understands precisely how much power it uses. Even so, we are able to generate theories from trusted resources. To begin with, we all know the earnings that bitcoin generates: Bitcoin miners presently produce 75 bitcoins hourly which translates …

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