Tag : cryptocurrencies

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Aurich Lawson / Getty reader comments 154 with 95 posters participating Share this story Bitcoin’s massive power consumption is the cryptocurrency’s dirty secret. To mine bitcoin, computers across the globe chew through enough electricity to power a medium size country, somewhere on the order of the Netherlands or Poland depending on the estimate. In fact, ..

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Enlarge / China has cracked down on bitcoin and other cryptocurrencies in a bid to limit capital outflows. reader comments 303 with 155 posters participating Share this story China’s crackdown on cryptocurrencies intensified today, with the country’s central bank announcing that all crypto-related transactions are illegal. “There are legal risks for individuals and organizations participating ..

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