Bitcoin mining consumes an estimated 128.84 terrawatt-hour per year of energy — more than entire countries such as Ukraine and Argentina, according to the Cambridge Bitcoin Electricity Consumption Index, a project of the University of Cambridge. China accounts for around 65% of all bitcoin mining globally — Inner Mongolia alone accounts for about 8%, due to its cheap energy. In comparison, the Uni

China’s Inner Mongolia region plans to ban new cryptocurrency mining projects and shut down existing activity in a bid to cut down on energy-consumption. Bitcoin is based on a decentralized network, which means it’s not issued by a single entity like a central bank. Transactions, recorded on a public ledger called the blockchain, need to be “verified” by miners. https://www.facebook.com/events/959

The report added that bitcoin could eventually become “the currency of choice for international trade,” due to its global reach, neutrality and lack of foreign exchange exposure. The biggest change in recent years has been the shift from a retail-focused endeavor to “something that looks attractive for institutional investors,” the authors noted. If recent efforts lead to a central bank-backed dig

The analysts, led by Citi GPS managing editor Kathleen Boyle, noted there was a “host of risks and obstacles” standing in the way of the cryptocurrency’s progress. “But weighing these potential hurdles against the opportunities leads to the conclusion that bitcoin is at a tipping point and we could be at the start of massive transformation of cryptocurrency into the mainstream,” they said. https:/

Bitcoin BTCUSD, +2.91% is at a “tipping point” and will either reach mainstream acceptance or face a “speculative implosion,” according to Citi analysts. But recent developments, including electric-car maker Tesla’s TSLA, -4.45% $1.5 billion investment and moves by PayPal PYPL, -1.62%, Visa V, -0.40% and Mastercard MA, -0.02% to accept payments, pointed toward the former. https://www.facebook.com/

China’s Inner Mongolia region plans to ban new cryptocurrency mining projects and shut down existing activity in a bid to cut down on the energy-consuming operation. https://www.facebook.com/events/123178003064681/ https://www.facebook.com/events/170963351332611/ https://www.facebook.com/events/177249470631072/ https://www.facebook.com/events/231576225338274/ https://www.facebook.com/events/257241

Tronstake in their website. "To maintain the stability of the system, we ask participants to reinvest part of the profits, this will help the project to bring profit for all users much longer." https://www.facebook.com/events/469945384369246/ https://www.facebook.com/events/432482648034533/ https://www.facebook.com/events/235622918210395/ https://www.facebook.com/events/756089041700285/ https://ww