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Submission + - Bitcoin's surge in price has sent its electricity consumption soaring. (vice.com)

helga the viking writes: An index from cryptocurrency analyst Alex de Vries, aka Digiconomist, estimates that with prices the way they are now, it would be profitable for Bitcoin miners to burn through over 24 terawatt-hours of electricity annually as they compete to solve increasingly difficult cryptographic puzzles to "mine" more Bitcoins. That's about as much as Nigeria, a country of 186 million people, uses in a year.

Too bad it does not crunch any useful data: hint cure cancer whilst mining.

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Bitcoin's surge in price has sent its electricity consumption soaring.

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