Bitcoin Mining Operations Increase Sharply Resulting in Blackouts

The increasing activities of Bitcoin mining operators have increased sharply in the past few months which resulted in a massive hike in their energy consumption as of Dec. 10, 2017.

Such increased activity and development has led to blackouts in some countries like Venezuela, which is currently facing a financial crisis and its citizens have turned to Bitcoin mining to earn enough money to stay alive and feed their families.

 

Full article written by Joshua Althauser can be found here.

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