Bitcoin mining uses as much energy as mining for gold, study finds

What does it mean for the future of the cryptocurrency movement and its impact on the environment?

  • New study reveals that mining crypto can be use more energy than mine for gold.
  • In order to understand the findings, we must first understand what crypto mining is.
  • The crypto community is looking for a way to solve these issue.
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Technology & Innovation

Bitcoin mining: What is it? Why does it consume so much energy?

Once a lucrative exercise anyone could do, bitcoin mining has grown out of control, and governments are weighing what to do.

Credit: Getty Images.

Bitcoin is a cryptocurrency located completely online and not tied to any central bank. Its origins are shrouded in mystery and very few people predicted the popularity it currently enjoys.

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Politics & Current Affairs

How a 4-letter meme is stabilizing Bitcoin

The term “hodl” originated in a drunken post about Bitcoin from 2013, but it’s evolved into a movement in the cryptocurrency community.

No matter what you believe the future holds for Bitcoin or the cryptocurrency market at large, rest assured, you’ll have no trouble finding people who agree with you.

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Politics & Current Affairs

Four ways Blockchain, the technology behind Bitcoin, can change education

A new study highlights how blockchain technology can be a game-changer in education.

Bitcoin representation (Photo by Dan Kitwood/Getty Images). Rutgers University students. (Photo by Eduardo Munoz Alvarez/Getty Images)

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Technology & Innovation

Should you invest in these 10 cryptocurrencies?

Bitcoin started at $.008, and today is worth over $12,000. What's the deal with other cryptocurrencies? We're here to help. 

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Unless you have been living under a digital rock for the last few weeks, you may have noticed that Bitcoin has been on a bit of a rollercoaster lately. Bitcoin is the world's best-known cryptocurrency, a digital form of money that is anonymous, decentralized, and simple to use. As the production and use of cryptocurrencies have improved over the last few years the number of cryptocurrencies in existence has skyrocketed; along with their values.

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Technology & Innovation