Published: November 27, 2019 | 3 min read, 645 words
Bitcoin and cryptocurrency prices have swung wildly over the last few months following a huge rally in the first half of the year. The bitcoin price has somewhat recovered from a disastrous bear market in 2018 which saw bitcoin touch lows of a little over $3,000—thought to be just under the price of creating (or mining) new bitcoin and making energy-intensive mining operations unsustainable. Now, a group of researchers have come up with what they claim is a cheaper and more energy efficient way to mine bitcoin that could mean the previous bitcoin price floor moves far lower. Bitcoin are... READ MORE
November 27, 2019
A nominally interesting read cataloging another new wrinkle in the ongoing saga which is the alternative currency industry. Relatively balanced, with good quoting and commentary from credible sources. The Author remains on the whole, agnostic, merely laying out the case. However, the piece ultimately does read as a tad more favorable towards the new research being referenced. A worthwhile read, particularly for those following the goings-on in this market.
May 6, 2020
Reads like a press release for HeavyHash. Article makes bold claims of increased efficiency in bitcoin mining but doesn't back it up with anything other than the word of those involved, makes no attempt to validate or provide counterpoint to the claims promoted here. While on the surface it may seem that reducing the electricity cost of proof-of-work may increase mining efficiency, there is a world of security concerns not acknowledged here that requires much more robust analysis than just a press release of HeavyHash talking points.