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Bitcoin's energy usage is huge – we can't afford to ignore it

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In this article, I will explain to you the main differences between Proof of Work vs Proof of Stake and I will provide you a definition of mining.

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Dec 19, 2017 One widely cited estimate says “mining” the cryptocurrency consumes more power than the whole of Ireland. Another predicts that . The ethereum platform, an alternative to bitcoin, has roughly double the transaction rate, yet it uses only about a third of the energy, according to Digiconomist. Moreover, the