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The Conversation: Why energy-sapping bitcoin mining is here to stay

Michel Rauchs, Cryptocurrency and Blockchain Lead at the Cambridge Centre for Alternative Finance, writes about the lack of current alternatives to expensive and cumbersome bitcoin mining. “Given how quickly computing technology develops, perhaps an alternative method will be found. Until then, we appear stuck – for better or worse – with a drain on computational systems and energy resources to power bitcoin and other cryptocurrency networks securely.”

Read the full article [theconversation.com]