Digiconomist is committed to promoting (the development of) sustainable blockchain technology.
Bitcoin’s usefulness as a payment system has been deteriorating fast over the past year. Bitcoin transaction fees and price volatility skyrocketed
We’ve barely made it past the controversy surrounding Bitcoin’s insane energy consumption, but egregious transaction fees, that have to be paid for actually using the popular digital currency, may soon spark a whole new storm of critique
Over the past few weeks Bitcoin’s insane energy consumption took center stage in the media coverage regarding the popular cryptocurrency.
At the start of August, 2017, several media were granted access to one of the world’s largest Bitcoin mines, located in Inner Mongolia (China), operated by Bitmain Technologies. Bitcoin mines typically keep their operations private