Bitcoin alone has reached over $70 billion in value, up from nothing when it was created just eight years ago.
A major issue with Bitcoin, which may eventually undermine success unless it is remedied, is the massive amount of power required for “mining” of the coins.
If a large share of future mining operations use solar power, geothermal power, hydro power, biomass or wind power, the massive power demands of mining and their consequent environmental impacts could be largely mitigated.
Genesis Mining, a “cloud mining” operation, and some other mining operators use geothermal power in Iceland, which is cheap and sustainable.
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