Bitcoin energy consumption a feature, not a bug, says crypto-miner
, the shift from proof of work to proof of stake, which could see an order of magnitude reduction in the power consumed by the rival cryptocurrency network.
While power consumption is central to Bitcoin, Bradford argued, the carbon emissions resulting from power generation are not such a problem for ClearSpark as the crypto-miner uses 90 percent carbon-free power. Nuclear power made up a large chunk of that, he said. All this seems reasonable enough until it meets a nasty tussle with evidence. Claims that Bitcoin, and the blockchain on which it relies, is fully decentralized were brought into question byPublished in June, the report found the low-level protocols – or cryptographic primitives – underpinning distributed ledger technology security were sound, but implementation decisions mean the claim of immutability is open to question.
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