Bloomberg Cites Bitcoin’s Undisclosed Costs – Bitcoints


Published on May 18th, 2018 | by bitcoin


Bloomberg Cites Bitcoin’s Undisclosed Costs

Bloomberg Cites Bitcoin’s Undisclosed CostsWelcome to Bloomberg Opinion Today, an afternoon roundup of our opinions on business, politics, markets, technology and more.
Bitcoin is on track to use 1.8 percent of the planet’s electricity by next year, or more than today’s entire solar energy output, estimates Grist’s Eric Holthaus.
A recurring theme of Matt Levine’s newsletter (sign up here) is that blockchain enthusiasts keep reinventing wheels finance invented long ago.
This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.
To contact the author of this story:Mark Gongloff at [email protected] To contact the editor responsible for this story:Timothy L. O’Brien at [email protected]


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