✦ The Forecast: Decarbonizing crypto ...Middle East

Quartz - Economy
✦ The Forecast: Decarbonizing crypto
source : Quartz ( Middle East ) () 9
The way bitcoin and most other cryptocurrencies operate today rewards energy waste. To generate new coins, “miners” around the world operate fleets of computers that compete against one another to crack increasingly difficult math problems. Because of that escalation, miners have an incentive to work around the clock and operate as many computers as possible. The end result: Globally, bitcoin mining consumes about as much electricity as the nation of Finland, with a carbon footprint comparable to that of the London metro area.They do so with greater fervor when the price of bitcoin rises, like it did recently when rumors swirled that Amazon may soon accept it. But

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