Tag Archives: Gold

[ad_1] The energy cost of mining gold, copper is lower than the mining cost of bitcoin November 8, 2018 November 8, 2018 Kelly Cromley http: // 1AZFjzw2 # Nwf63pYaMWq # XIY A high school student who came from a small town in India on Monday 5 November threatened to blow …

[ad_1] chirping Facebook LinkedIn A new document indicates that the energy required to extract cryptocurrencies is greater than that which is consumed during the excavation of metals of equivalent value in dollars. In the paper published November 5 by the journal Nature, researchers at the Oak Ridge Institute in Cincinnati, …

[ad_1] Cryptocurrencies require much, if not more, energy to extract precious metals like copper, gold or platinum, according to some more recent calculations. The figures were noted by Max Krause, a researcher at the Oak Ridge Institute for Science and Education, and Thabet Toloymat, an environmental engineer who works in …

[ad_1] Extracting a cryptocurrency value of one dollar as bitcoins from the deep Web consumes three times more energy than digging a gold dollar, according to the researchers. Now there are hundreds of virtual currencies and an unknown number of server farms all over the world that run all day …

[ad_1] Energy demands for the extraction of four major cryptocurrencies, including Bitcoin, outweighed the energy costs of extracting real metals such as gold and copper, according to US environmental researchers. Data mining cryptocurrencies involve increasingly complex calculations to confirm new transactions and add them to the decentralized accounting on which …

[ad_1] What is a Bitcoin? Bitcoin is what is called "crypto-currency". It's the Internet money version – a single piece of digital property that can be transferred from one person to another. Bitcoins are generated using an open source computer program to solve complex mathematical problems. This process is known …

[ad_2][ad_1] During the last week, there was great news in the precious metals market. The largest diamond company in the world, Alrosa, became a believer in the blockchain. The company announced that it would adopt blockchain technology in an attempt to increase transparency in the production and supply chain process. …

[ad_2][ad_1] This week, two important news from the precious metals industry broke down. Firstly, the world's largest diamond company, the Russian Alrosa, has joined a blockchain project to improve transparency. Secondly, the largest bank in the world, JPMorgan, would start using its blockchain to tokenise gold. In fact, the blockchain …

[ad_1] Quorum, an Ethereum [ETH] based blockchain that was built specifically for businesses, it will now be used to tokenize gold bars. The quorum can also be modified and redistributed as it is open source e It will be used to enable sustainable miners to earn a premium on global …

[ad_1] J.P. Morgan & # 39; s Quorum blockchain, an integrated enterprise DLT solution Ethereum, is used for the tokenization of traditional resources to test the robustness of the blockchain technology, reported Financial review October 29, 2018. Tokenizing Gold Bars The investment bank in New York will use blockchain technology …