BITCOIN , about ...
https://powercompare.co.uk/bitcoin/
Bitcoin Mining Now Consuming More Electricity Than 159 Countries Including Ireland & Most Countries In Africa
Bitcoin’s ongoing meteoric price rise has received the bulk of recent press attention with a lot of discussion around whether or not it’s a bubble waiting to burst.
However, most the coverage has missed out one of the more interesting and unintended consequences of this price increase.
That is the surge in global electricity consumption used to “mine” more Bitcoins.
According to Digiconomist’s Bitcoin Energy Consumption Index, as of Monday November 20th, 2017 Bitcoin’s current estimated annual electricity consumption stands at 29.05TWh.
That’s the equivalent of 0.13% of total global electricity consumption.
While that may not sound like a lot, it means Bitcoin mining is now using more electricity than 159 individual countries .
More than Ireland or Nigeria.
............................
-----------------------------------------------------------------
2017-11-25
https://www.thedailybeast.com/cryptocur ... ake-people
Cryptocurrency Company That Scammed Investors Was Run by Fake People
Confido collected $374,000 in an ‘initial coin offering,’ then it collapsed.
The founders’ supposed employers say they never heard of them.
“Confido” means “I trust” in Italian.
It’s also the name of a cryptocurrency company that vanished without a trace this weekend, taking $374,000 of investors’ money with it.
..................................