Bitcoin Mining Consumes Over 3X the Energy of Gold Mining: Research

Twitter Facebook LinkedIn A new paper indicates that the energy required to mine cryptocurrencies is more than what is consumed when excavating for metals of equivalent dollar value. In the paper which was published on November 5 by the Nature journal, researchers at the Cincinnati, Ohio-based Oak Ridge Institute noted that bitcoin consumes more than […]

Continue Reading

Bitcoin to Hit $20k in 2018 Despite Struggle of Emerging Markets

Fundstrat’s Tom Lee, a Bitcoin permabull known for his optimistic price targets for the dominant cryptocurrency, has said that Bitcoin will likely end the year explosively higher possibly at $20,000. In an interview with CNBC, Lee stated that over the past year, Bitcoin, which has failed to show a correlation with the broader financial market […]

Continue Reading

Peter Thiel: Bitcoin Will Be the ‘One Online Equivalent to Gold’

Peter Thiel has once again endorsed bitcoin, which he recently argued is tantamount to digital gold. And much like gold, the billionaire co-founder of PayPal conjectures that the cryptocurrency is destined to be a store of value rather than a means of payment. “It’s like bars of gold in a vault that never move,” he told […]

Continue Reading

What’s Wrong With John Oliver’s Bitcoin-Beanie Baby Comparison

Most of John Oliver’s send-up of cryptocurrency was spot on. On Sunday night’s episode of “Last Week Tonight,” the HBO host poked fun at bitcoin community icons and reminded viewers to exercise caution when investing. “The important thing to remember here is this is a brand-new, very complicated space and literally nobody knows how it’s […]

Continue Reading