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Waste from one bitcoin transaction ‘like binning two iPhones’ | Bitcoin

Waste from one bitcoin transaction ‘like binning two iPhones’ | Bitcoin



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  1. tldr; A single bitcoin transaction generates the same amount of electronic waste as throwing two iPhones in the bin, according to a new analysis by economists from the Dutch central bank and MIT. Specialised computer chips called ASICs are sold with no other purpose than to run the algorithms that secure the bitcoin network, a process called mining that rewards those who partake with bitcoin payouts.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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