Bitcoin’s Need For Electricity Is Its ‘Achilles Heel’

Forbes
Forbes
May 30, 2018 · 6 min read
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Photo: Lars Hagberg/AFP/Getty Images

By Frances Coppola

Bitcoin’s advocates claim that it is immune from government control. “It can’t be shut down,” they say. This might have been true in the early days, when Bitcoin could be mined on an ordinary laptop. But in these days of giant mining farms, Bitcoin desperately needs abundant cheap electricity supplies. Without access to abundant electricity, Bitcoin…

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