By IT Business Edge

Blockchain Leads to Intense Energy Use

Bitcoin “mining,” according to Jason Bloomberg at Forbes, demands a tremendous amount of energy. That is true of any blockchain initiative.

The demand springs from the requirement to distribute and store updates to digital ledgers to all participants. Bloomberg says that even if a small percentage of blockchain initiatives get off the ground, electrical consumption “will be enormous – and will continue to grow with no end in sight.”

Read the entire article at

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe to our Cortex & Brain Candy Newsletters!

Thank you for reading Intellyx thought leadership!

Please sign up for our biweekly Cortex and Brain Candy newsletters.

The Cortex features thought leadership on Agile Digital Transformation topics, and Brain Candy highlights disruptive vendors in enterprise IT.

We won't spam you and you can unsubscribe at any time.