Watch Mining Hearing: Bitcoin Is More Energy-Efficient than Banks, Bitfury CEO Tells US Lawmakers
Traditional banking requires 2.5 times the amount of power as Bitcoin (BTC) to produce the same amount of value, and only proof-of-work (PoW) provides “a truly trustless system,” according to Brian Brooks, CEO of major b...
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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Traditional banking requires 2.5 times the amount of power as Bitcoin (BTC) to produce the same amount of value, and only proof-of-work (PoW) provides “a truly trustless system,” according to Brian Brooks, CEO of major blockchain technology firm Bitfury and a former Comptroller of the Currency in the US....
Read More: Watch Mining Hearing: Bitcoin Is More Energy-Efficient than Banks, Bitfury CEO Tells US Lawmakers
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This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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