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Originally Posted by 2MuchMark
Bitcoin mining needs alot of electricity which cuts into the costs. The best way to bitmine is with energy derived from solar or geothermal, which wont' harm the climate.
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That does not seem possible at the current rate..
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In a report last week, the cryptocurrency website Digiconomics said that worldwide bitcoin mining was using more electricity than Serbia. The country. Writing for Grist, Eric Holthaus calculated that by July 2019, the Bitcoin peer-to-peer network?remember BitTorrent? Like that?would require more electricity than all of the United States. And by November of 2020, it?d use more electricity than the entire world does today.
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