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The Russian Energy Giant Mining Bitcoin With Virtually Free Energy By Haley Zaremba - Jan 03, 2021, 2:00 PM CST
Two things that seem futuristic: Bitcoin and energy efficiency. Two things that are diametrically opposed: Bitcoin and energy efficiency. Mining Bitcoin might not sound like a resource-intensive process, but in fact it requires almost unbelievably vast amounts of energy. In order to track the shocking energy footprint of Bitcoin mining, the University of Cambridge’s Centre for Alternative Finance created an online tool that measures this consumption to its best ability and compares it to the energy consumption of other entities to put the shocking quantities into perspective.