Wasted Naysayers Continue to Flog Wasteful Energy-Consuming Bitcoin

By CCN Markets: Here we go again. Yet another article has surfaced taking potshots at the perceived threat of Bitcoin’s energy consumption. A recent article out of MIT Technology Review claims that: Mining Bitcoin is a hugely wasteful process. For miners to accrue more of the cryptocurrency, powerful computing hardware must solve increasingly difficult, and pointless, puzzles. The article cites an in-depth study conducted by researchers at MIT and the Technical University of Munich. A slightly different approach compared the hardware and efficiency use from the IPO filings of the largest three mining producers: Bitmain, Canaan, and Ebang. The study

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Source: Bitcoin CNN