Tag: Cryptocurrency
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Bitcoins Power Needs May Be Overblown
Speculation that Bitcoin mining will lead to “uncontrolled growth” in electricity consumption may be overblown, recalling the hype that surrounded projections for data centers and marijuana growing. While Bitcoin miners currently use about as much electricity as Ireland, they are "very unlikely" to reach the "ultra-high-end" threshold of 350 terawatt-hours a year — a level…
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Bitcoin and Ethereum prices are tanking
Image: Shutterstock / Visual Generation All major cryptocurrencies are experiencing a severe price correction, with the size of the market shrinking from about $830 billion a week ago to $570 billion, according to CoinMarketCap. Bitcoin is currently at $12,062, down 12.7% in the last 24 hours. Ethereum has fallen 18.8% to $1,082, and Ripple is…
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What Bitcoin Watchers Are Saying After the Surge Past $10,000
Bitcoin entered uncharted territory on Wednesday after breaching $10,000 for the first time, leaving investors to wonder how long the rally will go — and whether it will end in tears. The digital currency climbed as much as 4.4 percent to a record $10,379.53 during Asia trading hours, capping a more than 10-fold increase this…
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