Getty Images The price of Bitcoin is not the only thing that is surging. According to an analysis by Cambridge University and reported on by BBC News , the computer processing power that is now required to “mine” the cryptocurrency is 126.35 terawatt-hours each year. Or put another way: if Bitcoin was a country, it would be in the top 30 energy users worldwide, according to Michel Rauchs from The Cambridge Centre for Alternative Finance.
The emergence of cryptocurrency into the mainstream is challenging what had long been the sovereign monopoly of Governments over the right to issue currency and […]
Full Post at www.cityam.com