the Bitcoin energy debate : facts and fallacies

Why does Bitcoin use energy?

Bitcoins are issued with each new block, on average every 10 minutes, by miners around the world who add new transactions to the blockchain. Miners mobilize capital (hardware) and spend electricity in exchange for bitcoins. In return, the blockchain get updated and secured. The more computing power dedicated to mining, the more costly…

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Raphael Meyer

Raphael Meyer

Author, KEYS to BITCOIN: learn how Bitcoin really works https://www.amazon.com/dp/1734773324 and Twitter @RaphaTheGrey