2min chapter

Coin Stories with Natalie Brunell cover image

D++: Understanding Bitcoin Mining Simply

Coin Stories with Natalie Brunell

CHAPTER

The Energy Consumption of Bitcoin

Yew: Amsebiquin has never been hacked in the 13 years that it's been in operation. Yew: The energy consumption of bit coin is a feature, not a bug. And i don't thinktht there's any alternative with regard to proof of work. A bit coin eliminates the cantion effect, meaning the folks who are the furthest away from the creation of money tend to benefit the most.

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