Bitcoin Promises a Future of Abundant Energy
Bitcoin mining has the potential to revolutionize our approach to electricity generation by allowing power production to increase with buyers of last resort.In its 12 years of existence, Bitcoin’s mainstream reputation has ranged from quirky internet money to baseless speculative investment to — for some — the ultimate store of value. Amid the various narratives surrounding Bitcoin, one critique seems to have never left its side: Bitcoin’s energy consumption is dangerously wasteful. Sensational headlines have convinced the unsuspecting citizen that Bitcoin is incompatible with the....
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