Bitcoin Mining Energy Consumption Increases Drastically

It doesn't sound a great deal but <b>Bitcoin</b> mining is currently using more electricity than 159 countries. Almost 10 US households can be powered for one day by the electricity consumed for a single <b>Bitcoin</b> transaction. With a continuous power drain of 3.4GW, the <b>BTC</b> network consumes five times more&nbsp;...

Bitcoin Mining Energy Consumption Increases Drastically

It doesn't sound a great deal but <b>Bitcoin</b> mining is currently using more electricity than 159 countries. Almost 10 US households can be powered for one day by the electricity consumed for a single <b>Bitcoin</b> transaction. With a continuous power drain of 3.4GW, the <b>BTC</b> network consumes five times more&nbsp;...

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Bitcoin Price Drops Below 9500 in Flash Crash

Only this year, the price of one <b>Bitcoin</b> has jumped 858%. Many Wall Street professionals have refuted <b>Bitcoin's</b> meteoric rise by calling it as a &ldquo;bubble&rdquo;. Other financial academics have also discouraged <b>Bitcoin</b> by comparing it to 1990s dot-com bubble, some even claiming that the <b>BTC</b> price will hit $0.

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