Bitcoin Doesn’t Waste Electricity

Bitcoin Doesn't Waste Electricity

Of all the objections to Bitcoin, the objection that it “wastes” electricity is the most absurd. This thinking betrays a fundamental misunderstanding of how electricity works, how markets work, and what waste is. Electricity is a real time service. It is transmitted by specialist companies, through either Solar, Nuclear, Wind or Water generation. When these services produce electricity, the consumers of it draw it in real time…

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