News - BitCoin And Internet Energy Usage

"BitCoin is an environmental disaster” said Mark Gimein at Bloomberg. Why? Because all that processing power used to mine for new Bitcoins requires a staggering amount of energy:

BitCoin Mining is a process in which powerful computers create Bitcoins by solving processor-intensive equations. …

Read More: Washington Post - What Bitcoin teaches us about the Internet’s energy use

tags: BitCoin, BTC, BitCoin Mining. Washington Post