Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: cheezcarls on November 28, 2019, 09:07:35 AM
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A group of researchers has authored a paper proposing a new Bitcoin mining method to make it less energy-intensive and cheaper. Its new proof-of-work system moves costs from electricity to hardware.
It’s no surprise that Bitcoin, today, uses a lot of energy, particularly electricity. Hashcash proof-of-work has successfully secured Bitcoin’s network since the beginnings. However, it has run into problems as of late.
Read the full news here (https://beincrypto.com/bitcoin-mining-revolution-proposed-by-researchers/?utm_campaign=amba&utm_medium=social&utm_source=altcoinstalks&utm_content=jc)