Is Bitcoin a waste of energy? Pros and cons about Bitcoin mining By Cointelegraph

Is Bitcoin a waste of energy? Pros and cons about Bitcoin mining

CryptocurrencyJan 25, 2021 06:20AM ET

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Is Bitcoin a waste of energy? Pros and cons about Bitcoin mining

Bitcoin arouses passion, curiosity and has received more and more media attention, especially after having climbed the ranks of the best financial asset of the decade. However, whenever its price goes up, many doubts and questions arise, mainly around its origin and the energy expenditure by miners.

To understand how Bitcoin (BTC) is created and what mining is, the key is the double-spending problem.

Tatiana Revoredo is a founding member of the Oxford Blockchain Foundation and is a strategist in blockchain at Saïd Business School at the University of Oxford. Additionally, she is an expert in blockchain business applications at the Massachusetts Institute of Technology and is the chief strategy officer of The Global Strategy. Tatiana has been invited by the European Parliament to the Intercontinental Blockchain Conference and was invited by the Brazilian parliament to the public hearing on Bill 2303/2015. She is the author of two books: Blockchain: Tudo O Que Você Precisa Saber and Cryptocurrencies in the International Scenario: What Is the Position of Central Banks, Governments and Authorities About Cryptocurrencies?

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Is Bitcoin a waste of energy? Pros and cons about Bitcoin mining

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