(Natural News) Concerns regarding the environmental impact of bitcoin have surfaced despite its rising prominence. Many have criticized the cryptocurrency’s mining process for using up huge amounts of energy. Because of this, the U.S. treasury secretary warned of bitcoin’s “staggering” energy demand and slammed it as “extremely inefficient.” CNBC reported Feb. 22 that U.S. Secretary […]

(Natural News) The cost of mining Bitcoin is quickly outpacing the dollar value of Bitcoin itself, new reports indicate. The most up-to-date Bitcoin mining devices cost upwards of around $4,000, and yet by the time it produces enough Bitcoin to even break even, such a machine will already be obsolete and in need of replacement. […]