Like them or not, buy them or not, Bitcoin is with us for a while, so it might be well to understand some of the whats. whys, hows and what if's.
This might be an opportunity to share with others what you know or what you've heard about the phenomenom.
I listened to a National Public Radio program that discussed the electricity cost of bitmining that was an eyeopener to me... As I recall, one year of mining bitcoins costs more than the total energy output/consumption of 139 countries for the same period.
So... for starters, this seven minute audio is just on the cost of energy, and the time required to "mine" bitcoins.
https://www.loe.org/shows/segments.html?programID=18-P13-00034&segmentID=4
Please add anything that might be helpful in understanding bitcoin. Some of the tech sites were so obscure i didn't get past the first few paragraphs. any simplification would be helpful. "Knowing, even if not using is usually helpful in the long run..." (quote from my aunt Grace)
This might be an opportunity to share with others what you know or what you've heard about the phenomenom.
I listened to a National Public Radio program that discussed the electricity cost of bitmining that was an eyeopener to me... As I recall, one year of mining bitcoins costs more than the total energy output/consumption of 139 countries for the same period.
So... for starters, this seven minute audio is just on the cost of energy, and the time required to "mine" bitcoins.
https://www.loe.org/shows/segments.html?programID=18-P13-00034&segmentID=4
Please add anything that might be helpful in understanding bitcoin. Some of the tech sites were so obscure i didn't get past the first few paragraphs. any simplification would be helpful. "Knowing, even if not using is usually helpful in the long run..." (quote from my aunt Grace)
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