Bitcoin's Energy Debate Heats Up: Necessity or Environmental Threat?

31.03.2024 22:06 80 times read Reading time: 2 minutes 0 Comments

Proof of Work: Why Bitcoin’s High Energy Consumption is Important

The energy consumption associated with Bitcoin's Proof of Work (PoW) consensus mechanism continues to be a prominent issue. A recent article by Handelsblatt explores the significance of the high electricity usage in the cryptocurrency. PoW involves miners solving complex mathematical problems to validate transactions and create new blocks, a process that is inherently energy-intensive.

The Brockhaus of Crypto Books: Gerd Weger's Krypto-Kompendium Now Available

Gerd Weger, a well-known figure in financial markets with expertise in cryptocurrencies, has released the "Krypto-Kompendium," described as the Brockhaus among crypto books. As reported by DER AKTIONÄR, this comprehensive guide covers all aspects an investor needs to know about digital currencies, from their beginning as digital payment methods to their current use as volatile investments, including advice on tax implications.

The Best Mining Providers at a Glance

» Infinity Hash

From our perspective, currently the best mining provider on the market. With the community concept, you participate in a mining pool completely managed by professionals. A portion of the earnings are used for expansion and maintenance. We've never seen this solved as cleanly anywhere else.

» Hashing24

A well-known and established cloud hosting company. With a good entry point and in a good market phase, a good ROI can also be generated with some patience. Unfortunately, we see the durations as a major drawback.

Bitcoin Price Prediction: New All-Time High Before the Halving?

A report from finanzen.net ponders whether Bitcoin might reach a new all-time high before its forthcoming halving event—an occurrence that typically affects its price due to reduced mining rewards. With the event approaching on April 19th, speculation is high on whether the market will see a surge akin to past cycles.

No Bitcoin ETFs Available in Germany - ETPs May Be the Best Alternative

Unlike U.S. investors who can invest in Bitcoin Exchange-Traded Funds (ETFs), those in Germany do not have this option, mainly due to European regulatory differences. However, as FOCUS Online explains, Exchange Traded Products (ETPs) offer a similar experience by replicating the real-time value of cryptocurrencies like Bitcoin without the necessity of direct purchase or storage.

Bitcoin Surpasses $69k Despite Largest Quarterly Options Expiry – Is the Downturn Over?

Cointelegraph Deutschland notes that Bitcoin surpassed the $69k mark even with one of the largest quarterly options expiries in history, totaling over $15 billion at the Deribit exchange on March 29th. This event seemed to have minimal impact on Bitcoin's market behavior.

Should 60/40 Portfolios Include Bitcoin? There’s a Case for It

An analysis by wallstreet:online suggests that incorporating Bitcoin could enhance the traditional 60/40 stock and bond portfolio mix. By adjusting the allocation to have slightly less equity but including around five percent in Bitcoin, diversification strategies could potentially lead to higher returns when compared to the standard portfolio structure.
Note: This information originates from an article posted on wallstreet:online.

Your opinion on this article

Please enter a valid email address.
Please enter a comment.
No comments available
...
The best stock exchanges in comparison

We have compared the best crypto exchanges for you. Just take a look at our free crypto exchange provider comparison.

...
Already thought about the tax for your coins?

We have compared the leading crypto tax tool providers for you. Check out our free crypto tax tool provider comparison.

The Best Bitcoin Mining Providers at a Glance

» Infinity Hash

From our perspective, currently the best mining provider on the market. With the community concept, you participate in a mining pool completely managed by professionals. A portion of the earnings are used for expansion and maintenance. We've never seen this solved as cleanly anywhere else.

» Hashing24

A well-known and established cloud hosting company. With a good entry point and in a good market phase, a good ROI can also be generated with some patience. Unfortunately, we see the durations as a major drawback.

Top 10 most read posts

bitcoin-s-rise-and-fall-historical-analysis

Bitcoin's Rise and Fall: Historical Analysis

Introduction: Bitcoin's Dynamic Journey Bitcoin, the world's first and most recognized digital currency, is often the subject of dramatic headlines, featuring...

investment-tips-for-the-budding-crypto-millionaire

Investment Tips for the Budding Crypto Millionaire

Introduction: An Insight into Crypto Investment If you're venturing into the promising world of cryptocurrencies, a solid investment strategy can be...

blockchain-s-influence-on-the-automotive-industry

Blockchain's Influence on the Automotive Industry

Introduction: Unveiling the Power of Blockchain Blockchain technology is boldly advancing into a variety of industries, utterly transforming our occasional transactions...

the-role-of-cryptocurrencies-in-venture-capital-a-new-frontier

The Role of Cryptocurrencies in Venture Capital: A New Frontier

Introduction - Understanding Cryptocurrencies and Venture Capital As technology evolves, so does our understanding of what makes a valuable asset. The...

how-to-build-a-diversified-crypto-portfolio-a-step-by-step-guide

How to Build a Diversified Crypto Portfolio: A Step-By-Step Guide

Introduction: The Importance of Diversification Investing in cryptocurrencies can be both exciting and rewarding. However, it's crucial to remember that the...

mastering-technical-analysis-for-bitcoin-trading

Mastering Technical Analysis for Bitcoin Trading

Introduction to Technical Analysis for Bitcoin Trading Trading in the cryptocurrency world, particularly Bitcoin, requires careful decision-making and strategic planning. One...

top-10-icos-to-watch-in-2023

Top 10 ICOs to Watch in 2023

Collateral Network (COLT) Collateral Network (COLT) is a next-generation decentralized lending platform that leverages blockchain technology to facilitate secure and efficient...

blockchain-s-potential-beyond-cryptocurrency

Blockchain's Potential Beyond Cryptocurrency

Introduction: Blockchain's Potential Beyond Cryptocurrency When we hear the term "blockchain," most of us instinctively think of cryptocurrencies like Bitcoin and...

understanding-icos-risks-rewards-and-regulations

Understanding ICOs: Risks, Rewards, and Regulations

Introduction to ICOs Initial Coin Offerings, often shortened to ICOs, are an increasingly popular method of fundraising for new projects in...

ico-vs-ipo-which-is-the-better-investment

ICO vs IPO: Which is the Better Investment?

Introduction: Understanding ICO and IPO Before delving into the difference between ICO and IPO, it's crucial to understand what these terms...