marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
energy consumption
01/24/2022
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By Ramon Tomey
Russia plans to ban crypto mining and trading – regulator report
Russia’s financial regulator has proposed a ban on cryptocurrency-related activities such as trading and mining in the country. To back this proposal, it released a report outlining crypto’s potential use for criminal activity and the high energy requirement of crypto mining. The Central Bank of Russia (CBR) publicized its crypto report on Jan. 20, via […]
10/16/2021
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By Franz Walker
Report: Etherium still uses massive amounts of energy across its cryptocurrency network
Ethereum, one of the biggest cryptocurrencies after bitcoin, consumes massive amounts of energy to run its network. This is despite efforts from its creators to reduce its energy consumption a few years back. A new report from Digiconomist‘s Ethereum Energy Consumption Index shows that Etherum experienced a massive spike in energy consumption starting this past […]
02/24/2021
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By Franz Walker
Bitcoin activity now uses more energy than all of Argentina
As Bitcoin’s popularity continues to rise, driven in part by recent moves by electric automaker Tesla, the true energy cost of the cryptocurrency is also coming to light. A new study shows that Bitcoin uses more energy than the entire country of Argentina. The report comes from Cambridge University, which says that the cryptocurrency has already surpassed […]
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