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Apr 25, 2016 Instead, it is focussing on its underlying technology, the “blockchain”, “distributed ledger technology”, or the “distributed consensus ledger (DCL)” as I prefer is the effort to mine Bitcoin a massive waste of resources (computing power and electricity) and inefficient, or is it setting up an immutable ecosystem 

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Jan 7, 2014 The technology is now progressing by leaps and bounds, with second generation chips nearly doubling efficiency of the first generation. Since the chips can't be used for anything else, these advancements only apply to Bitcoin mining. That gives weight to critics who say Bitcoin wastes energy. But mining