29 Jun '17, 3am

One cryptocurrency could be using more than a country's worth of electricity — via @futuris https://t.co/JBgCmYUPko

One cryptocurrency could be using more than a country's worth of electricity — via @futuris https://t.co/JBgCmYUPko

Still, the methodology behind de Vries index isn’t totally exact, and since blockchain is decentralized, it would be next to impossible to truly ascertain just how much electricity these home-based Ether mining operations are consuming. The estimates do indicate, however, just how energy-intensive cryptocurrency mining has the potential to be. Genesis Mining One major reason for this is the power-hungry graphics cards involved. It’s ironic that mining cryptocurrencies in order to maintain blockchains — which are perhaps the most efficient and secure information ledgers we have — is a process that’s not particularly efficient. This may not be the case for long, though. Unlike Bitcoin, Ethereum has plans to move away from its existing energy-intensive mining algorithms. Instead of operating on a Proof of Work model , it’s building a hybrid one that incorporates Proof of Stak...

Full article: http://www.businessinsider.de/ethereum-cryptocurrency-ele...

Tweets

The cryptocurrency universe keeps expanding

The cryptocurrency universe keeps expanding

businessinsider.com 28 Jun '17, 10pm

Bitcoin is the original cryptocurrency, and its meteoric rise has made it a mainstay of conversation for investors, media,...

SolarCoin Is A Cryptocurrency Earned By Generating Solar Electricity

SolarCoin Is A Cryptocurrency Earned By Generat...

cleantechnica.com 29 Jun '17, 10pm

As far as cryptocurrecies go, SolarCoin (SLR) has a lot of growing to do, as it is shooting for an eventual $30 price but ...

via @motherboard

motherboard.vice.com 26 Jun '17, 3pm

Ethereum Is Already Using a Small Country’s Worth of Electricity The entire network could be using slightly more than the ...

#ethereum #students #bitcoin #cryptocurrency #b...

bitjob.io 01 Jul '17, 3pm

Aimed at revolutionizing the way students make a living and gain occupational experience while still studying. bitJob will...

Do You Really Know Where Your #Electricity Is Coming From? - @RockyMtnInst

Do You Really Know Where Your #Electricity Is C...

rmi.org 29 Jun '17, 1pm

Do You Really Know Where Your Electricity Is Coming From? WattTime Joins Rocky Mountain Institute to Show You June 28, 201...

JUST IN: Electricity prices in Singapore will c...

channelnewsasia.com 30 Jun '17, 8am

Singapore: Electricity tariffs will come down for the next three months due to a drop in the cost of natural gas, SP Group...

Wave Power Could Contribute 10% Of Global Elect...

cleantechnica.com 28 Jun '17, 2pm

“The world is rapidly transitioning to a low carbon future,” explains Dr Gareth Stockman, Managing Director of Marine Powe...

Myanmar, Thailand incinerate illicit drugs wort...

channelnewsasia.com 26 Jun '17, 8am

BANGKOK/YANGON: Officials in Myanmar and Thailand burned illegal narcotics worth more than US$800 million on Monday to mar...

Using Mushrooms to Build Homes

Using Mushrooms to Build Homes

jetsongreen.com 27 Jun '17, 8pm

The use of mushrooms in architecture has been proposed before, but now Aleksi Vesaluoma, a student at Brunel University ha...

Miranda Kerr Surrenders $8 m worth of Jho Low’s diamonds linked to Malaysian 1MDB laundering case https://t.co/aRzvrLO2we

Miranda Kerr Surrenders $8 m worth of Jho Low’s...

luxuo.com 28 Jun '17, 5am

Miranda Kerr currently has her own collection of jewellery with Swarovski. According to the Wall Street Journal and Reuter...

Cryptocurrency mining is placing real demands o...

digitaltrends.com 07 Jul '17, 6pm

Why it matters to you That ultra-powerful Bitcoin or Ethereum mining system you're running uses enough electricity to powe...

Report: 'Baseload' an Outdated Term for Today's...

nrdc.org 26 Jun '17, 3pm

The nation’s electricity grid operators are increasingly turning to more flexible resources and low-cost renewable energy ...