With the meteoric rise of cryptocurrencies – most notably Bitcoin – you might have noticed some concerns about the energy requirements associated with the “mining” of these digital currencies. We thought it was time to look into the issue and get a better understanding of what is happening, and how this might impact the uptake of cryptocurrencies as a legitimate transactional currency for the peer-to-peer economy. Together with one my colleagues at Energetics, I have summarised a few key issues in this article:
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