This news item contains content from RT, who as a Russian state-funded news organization, have been blocked by many authorities, including the European Union and Google (YouTube) parent, Alphabet Inc. As a consequence, The Global Herald will not allow RT video to be displayed to any users. We have also removed advertising from this page. This page remains in order that user and editorial comments may remain visible. While the Russian invasion of Ukraine is ongoing, it is expected that publication of RT output will remain blocked.
Caution - Russia Ukraine Conflict
This item is about Russia or Ukraine, countries which are involved in an unfolding armed conflict. Be aware that propaganda may be involved in this video news item. Browse news from other sources about Russia (here) and Ukraine (here) to gain a wider perspective. The Global Herald is attempting to remove any advertisements from this content. Please accept our apologies if you are shown an ad next to conflict news - please leave a comment if you see ads in this page.
RT published this video item, entitled “THE VAST ENERGY COST OF MINING FOR BITCOIN” – below is their description.
Many criticize bitcoin because it uses so much electricity. That’s not a failing, says Dominic Frisby, it’s a feature.
Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.