Tagged: alex de vries

Quebec Townships Working with Local Cryptominers, But How Sustainable is the Industry?

Officials in the city of Sherbrooke, Quebec, think cryptocurrency mining could boost economies in small Quebec cities, The Vancouver Sun reports. Christian Laprise, director of Sherbrooke’s municipal power utility, for example, has been working with companies like Bitfarms to make sure their power-thirsty facilities don’t… Read More

Report Shows Bitcoin is Grossly Energy Consumptive. But is Proof-of-Stake Relevant for Bitcoin?

Alex de Vries, Digiconomist.net founder and a blockchain specialist at PwC’s Experience Centre since 2015, has produced an important report on the Bitcoin network’s extreme energy consumption and waste production, which far exceed that generated by regular banking. De Vries conclusion that Bitcoin should “follow… Read More

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