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Tales from the crypto

Today, Explained

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Bitcoin Mining and Energy Consumption

This chapter examines the substantial energy usage linked to Bitcoin mining through the proof of work mechanism, revealing that it surpasses tech giants' consumption. It discusses how Bitcoin's blockchain allows for energy tracking, contrasting it with traditional cash production, and addresses the misconceptions regarding its energy sources. The conversation also explores the potential for Bitcoin to benefit renewable energy sectors while acknowledging the environmental debates surrounding its impact.

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