Bitcoin Price Soars Along its Energy Cost

Bitcoin’s price is not the only thing that’s increasing!

Bitcoin’s energy consumption is breaking records just like its price. Bitcoin transaction and mining require powerful computers.The amount of electricity used to mine Bitcoins is equal to 31.9 TWh.

It’s more than the energy used by 160 countries per year. It can even power up to $3 million U.S. households. Most of the mining is done in China.

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From: Cointelegraph Daily

Related topics : bitcoin mining computer power / bitcoin amount mined / bitcoin price

Bitcoin and the NSA, Mark of the Beast Technology

http://www.elperfecto.com/tag/mark-of-the-beast/

This week in Arkansas I saw a car that had a couple decals on the back that referenced Bitcoin. That shows me that Bitcoin is going more mainstream, which means this technology, or this format of electronic money, is ready.

The NSA released code, whether purposefully or not I cannot tell, to the Internet to use to hack other computers, requiring Bitcoin payments by the hackers to restore the computers. Wannacry was one such hack using NSA...

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From: field16

Related topics : bitcoin computer requirements

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