The weekend read: Crypto’s energy conundrum

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Title	The weekend read: Crypto’s energy conundrum
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Detail	In a financial world of stocks, bonds, foreign exchange, and credit cards, trillions of dollars are traded daily, with money flows handled by a bevy of databanks. In the world of cryptocurrency, billions of dollars worth of Bitcoin are traded through as many as 400,000 transactions per day, consuming the energy supply of a modernized country. The quirk is a “proof of work” feature that provides decentralized security. Is Bitcoin’s energy usage all for nothing, or is it a game-changer for renewable assets and generators? Tristan Rayner explores.
Country	International
Source	PV-Magazine
Regions	Africa Asia Australia Europe North America Oceania South America
Sectors	Energy Roads and Highways-Bridge Construction Energy-Power and Electrical Computer Hardwares and Consumables
Published Date	12.11.2021
Original Url	Original Url
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Title
The weekend read: Crypto’s energy conundrum
Detail
In a financial world of stocks, bonds, foreign exchange, and credit cards, trillions of dollars are traded daily, with money flows handled by a bevy of databanks. In the world of cryptocurrency, billions of dollars worth of Bitcoin are traded through as many as 400,000 transactions per day, consuming the energy supply of a modernized country. The quirk is a “proof of work” feature that provides decentralized security. Is Bitcoin’s energy usage all for nothing, or is it a game-changer for renewable assets and generators? Tristan Rayner explores.
Country
International
Source
PV-Magazine
Regions
Africa Asia Australia Europe North America Oceania South America
Sectors
Energy Roads and Highways-Bridge Construction Energy-Power and Electrical Computer Hardwares and Consumables
Published Date
12.11.2021
Original Url
Original Url
Share