Tag Archive: Alex de Vries

  • Former Alcoa Smelting Factory Turns To Crypto Mining In Upstate NY Bitcoin, Mining, News, News teaser

    Bitcoin Mining Isn’t As Energy-Consumptive As Researchers Claim

    Earlier this week, a study published by Dutch researcher Alex de Vries concluded that Bitcoin mining uses almost as much electricity as the entire Republic of Ireland — but should we really be concerned?  ‘Picked out of Thin Air’ Bitcoin mining is undoubtedly an energy-intensive process, as anyone who’s ever mined the most valuable cryptocurrency by market capitalization from home knows — but it might not be as concerning as many experts would lead you to believe.

    · May 18, 2018 · 2:00 pm