Bitcoin and the Law of Conservation of Energy
In physics, the definition of "energy" is "that which allows work to be done." This means that money is energy, since it can be used to do work via payments to people. The energy in money can be thought of as "economic energy". Economists call economic energy "price" and measure it in terms of "euros" or "Kenyan shillings" and so on. But, these units are abstract because their quantity changes over time. Physicists would prefer to use units such as joules or kilowatt-hours, which have a concrete basis in physical realities of mass....
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The U.S. should address the environmental problems of Bitcoin mining by providing its clean energy to set up mining hubs, Mayor Francis Suarez said. The majority of Bitcoin (BTC) is mined outside of the United States using “dirty energy,” Miami Mayor Francis Suarez has claimed.Suarez discussed the environmental implications of Bitcoin mining in a March 26 episode of the Unconfirmed podcast with cryptocurrency journalist Laura Shin. The mayor said that the U.S. should mine more Bitcoin for to national security reasons.“A part of the problem with Bitcoin is 90% of it is not done in the....
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