All tagged blockchain

The Behemoth Behind Bitcoin Mining

Cryptocurrencies... there are over 1,500 of them with names like tattoocoin, potcoin, anarchistprime, and bitcoin. Ridiculous names aside, the mining of these phantom currencies is resulting in a meteoric rise in energy consumption. There is a direct proportion between the number of coins mined and the amount of energy required to mine them. In fact, the way things are coded, energy-per-coin ratios will increase as more coins are mined. If cryptocurrencies don't crash and burn, the electrical grid will.