Bitcoin Isn't Getting Greener: Four Environmental Myths About Cryptocurrency Debunked
from The Conversation
– this post authored by Peter Howson, Northumbria University, Newcastle
The price of bitcoin has reached US$50,000 (Pound Sterling36,095) – another all-time high. It’s hard to believe that 10,000 bitcoin would only buy a couple of pizzas ten years ago. It’s even stranger to think that bitcoins are completely virtual. You can’t hold one, except on a hard drive, and there’s no underlying asset to them. A bitcoin is simply a digital representation of the computer power needed to make one, what’s called its “proof-of-work”.
Source: http://econintersect.com/pages/opinion/opinion.php?post=202102172234
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