15 Apr '13, 12am

Is Bitcoin Mining a Real-World Environmental Problem?

"Mark Gimein points out that Bitcoing mining uses a lot of power, enough that it is a real world problem : 'About 982 megawatt hours a day, to be exact. That’s enough to power roughly 31,000 US homes, or about half a Large Hadron Collider. If the dreams of Bitcoin proponents are realized, and the currency is adopted for widespread commerce, the power demands of bitcoin mines would rise dramatically. If that makes you think of the vast efforts devoted to the mining of precious metals in the centuries of gold- and silver-based economies, it should. One of the strangest aspects of the Bitcoin frenzy is that the Bitcoin economy replicates some of the most archaic features of the gold standard. Real-world mining of precious metals for currency was a resource-hungry and value-destroying process. Bitcoin mining is too.' However, not everyone is convinced that virtual mining is as...

Full article: http://news.slashdot.org/story/13/04/14/2234251/is-bitcoi...

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Bitcoin Mining Is Not A Real World Environmenta...

forbes.com 14 Apr '13, 2pm

Blockchain.info, a site that tracks data on Bitcoin mining, estimates that in just the last 24 hours, miners used about $1...

Bitcoin Mining Has An Absurd Environmental Impact

Bitcoin Mining Has An Absurd Environmental Impact

gizmodo.com 14 Apr '13, 10pm

You mine Bitcoins by finding data sets that make certain patterns when they go through the Bitcoin hash function, tricking...

The absurd environmental impact of bit coin mining

The absurd environmental impact of bit coin mining

gizmodo.co.uk 15 Apr '13, 9am

Ah digital currency. It’s all in our collective hive-mind right? Coming and going in bits and bytes. Nothing to see here. ...

Virtual Bitcoin Mining Is a Real-World Environmental Disaster

Virtual Bitcoin Mining Is a Real-World Environm...

bloomberg.com 12 Apr '13, 12pm

Here's a puzzle: How can a virtual currency, existing in digital form on computer hard drives, demand real power and real ...

Bitcoin "Mining" Somehow Found a Way to Be Environmentally Destructive

Bitcoin "Mining" Somehow Found a Way to Be Envi...

gawker.com 14 Apr '13, 9pm

Max Rivlin-Nadler View Profile RSS Bitcoins, the currency of the future (the future dominated by the dickhead Winklevoss t...

just

mobile.bloomberg.com 12 Apr '13, 6pm

Virtual Bitcoin Mining Is a Real-World Environmental Disaster By Mark Gimein April 12, 2013 8:24 AM EDT Here's a puzzle: H...

Bitcoin's Environmental Problem:

cleantechnica.com 19 Apr '13, 7am

Problems with this paper – First distributive computing project such as F@H actually help the environment, even if the par...

How Can I Identify The Best GPUs For Bitcoin Mining?

How Can I Identify The Best GPUs For Bitcoin Mi...

makeuseof.com 15 Apr '13, 5pm

Quite recently, I wrote an article revealing the disadvantages to Bitcoin mining . More precisely, a major disadvantage to...

Mining bitcoins takes power, but it isn't an 'environmental disaster'

Mining bitcoins takes power, but it isn't an 'e...

wired.co.uk 15 Apr '13, 10am

against the "environmental disaster" claim. Writing in Forbes , Tim Worstall says the energy being used is "simply trivial...

Bitcoin Doesn't Have a Deflation Problem

forbes.com 12 Apr '13, 12am

A number of smart people have made arguments like this one from Matt Yglesias: If over time more and more people want to u...

Confirmed: Hyperdeflation Is A Problem For Bitcoin

Confirmed: Hyperdeflation Is A Problem For Bitcoin

businessinsider.com 16 Apr '13, 7pm

We previously speculated there was a major danger in surging Bitcoin prices: it would eventually harm the Bitcoin economy ...

Bitcoin mining for fun and (maybe) profit

Bitcoin mining for fun and (maybe) profit

geek.com 16 Apr '13, 1pm

I t’s been impossible to go on the internet or pickup a newspaper over the past few weeks and not read about Bitcoin . The...

#Bitcoin, a digital currency, may crash but lea...

economist.com 16 Apr '13, 7am

IN 1999 an 18-year-old called Shawn Fanning changed the music industry for ever. He developed a service, Napster, that all...

Iterations: How Five Real Economists Think About Bitcoin's Future

Iterations: How Five Real Economists Think Abou...

techcrunch.com 14 Apr '13, 5pm

At first blush Bitcoin is nothing special. Virtually anything can be used as a pseudo-currency. And, there is nothing new ...

Bitcoin Isn't the Only Cryptocurrency in Town

technologyreview.com 15 Apr '13, 4am

In recent weeks, the digital currency Bitcoin has soared and then dipped in value, along the way attracting more public at...