How many people are currently using Bitcoin? How fast is the Bitcoin network growing relative to other revolutionary technologies and top tech companies? Is Bitcoin a bubble? Is BTC overvalued or undervalued? Is Bitcoin dead? Or will it someday take over entire industries? Does Bitcoin have the potential to someday become integral to global finance, […]
The “ridiculously wasteful, malignant, guzzling” of electricity by Bitcoin miners is “illegally siphoning power, causing country–wide blackouts, not remotely sustainable, and is ruining the planet.”
What most of the Bitcoin community should have learned in 2017, it it weren’t obvious before, is that miners do not control the Bitcoin network. So who is in control? Everybody, and nobody.
For many years now, Bitcoin mining has been dominated by the Application-specific Integrated Chip (ASIC), and long gone are the days of mining Bitcoin for profit with a central processing unit (CPU), a graphics processing unit (GPU), or even a field-programmable gate array (FPGA). However, thanks to increasingly popular altcoins such as Ethereum (ETH), Zcash […]