energy consumption

The below article is part of a larger series on Bitcoin mining around the world compiled by the team at Arcane Research.Bitcoin miners have an outsized presence in Georgia, considering the country’s tiny geographical size and small…

Does Bitcoin have a critical weakness?In Greek mythology, Thetis dipped her infant son Achilles into the River Styx to give him the power of invulnerability. Achilles grew to become a seemingly-invincible warrior, but he was felled when…

On February 15, the Russian Ministry of Economic Development signaled a bullish development around Bitcoin; reduced costs for bitcoin miners. But what can we make of this?First the obvious: yes it is bullish. The Russian Ministry is…

During the House Hearing on Crypto’s Energy Use & Impact there was a point of opposition provided in the manner of, “number of jobs per unit of electricity consumed.” I’m not nonplussed by the question — I think there’s a fair…

SourceThe creation of a Bitcoin City powered by “volcano energy” proposed by El Salvador’s President Nayib Bukele is appealing for many bitcoiners at an emotional, aesthetic level.Envisioned in the shape of a perfect circle, like a coin,…

The below is a direct excerpt of Marty's Bent Issue #1155: "Two very different things that highlight Bitcoin's utility." Sign up for the newsletter here.There are two things going on in the world on opposite sides of the planet that are…

This piece is part of a series that features interviews with Bitcoin miners about their experiences setting up and scaling mining operations, as well as their views on the direction of the mining world. If you are mining Bitcoin and want…

Environmentalists say Bitcoin uses too much energy. The world can’t afford it. It’s not worth it. That’s what they say. So, it must be true. Or must it? If you’re reading this, you’re probably aware of the popular anti-Bitcoin “energy…

When China’s bitcoin crackdown came into effect, many speculated that the industry would never recover. Amazingly, though, the ban served to highlight both the resilience of the sector and the entrepreneurial spirit of the miners who…