Bitcoin Mining Is Getting Bigger (and Bigger)

Power prices are affecting where the power players run their mines, and bitcoin miners are moving to where the power is cheapest (and regulations are friendly). Bitcoin mining consumes so much energy that this Morgan Stanley report estimates it will exceed that of an actual country. For the full scoop, read this well-written article (which includes a comparison to bitcoin mining energy consumption compared to energy consumption by electric cars) by Monica Savaglia on