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‘Ditching’ PoW will benefit miners per ‘least disruptive’ solution by Ripple’s Chris Larsen
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ambcrypto.comMining for Bitcoin is a highly intensive process. It involves heavy computing to verify transactions. The energy demand for mining Bitcoin has grown significantly since 2013. As of 10 December, it reached 130 terawatt-hours per year, according to data from the Cambridge Bitcoin Electricity Consumption Index (CBECI).
Well, this aspect still remains a topic of endless debate in the crypto space. In fact,post-exodus from China, the U.S. has become the hotspot for Bitcoin miners.
Executive Chairman and Co-founder of Ripple Chris Larsen just recently portrayed his narrative that could possibly solve the emerging crisis. In a blog post titled, “Bitcoin mining stocks could rally on PoW change,” Larsen expressed his concerns as well as unveiled his
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