Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Bitcoin Production
Which Consumes More Energy to Produce, a Bitcoin or a Similarly Priced Tesla?
The talk has been raging on just how much energy is consumed when mining Bitcoin. The process is very energy-intensive, with cryptography being completely reliant on electricity. It has even been pointed out that the entirety of the Bitcoin mining industry consumes more electricity than the republic of Argentina. On the other hand, Tesla is another disruptive technology that is revolutionizing the automobile industry. The talk has been on how much fossil fuel emissions are saved, with their autopilot features…
4 years ago