{"id":419834,"date":"2017-12-20T09:26:10","date_gmt":"2017-12-20T13:26:10","guid":{"rendered":"http:\/\/spaceweekly.com\/?guid=f737c7405c33c65fab02af2542571c9b"},"modified":"2017-12-20T09:26:10","modified_gmt":"2017-12-20T13:26:10","slug":"bitcoins-energy-use-is-out-of-controlbut-maybe-thats-the-point","status":"publish","type":"post","link":"https:\/\/spaceweekly.com\/?p=419834","title":{"rendered":"Bitcoin&#8217;s energy use is out of control&mdash;but maybe that&#8217;s the point?"},"content":{"rendered":"<p>The soaring value of bitcoin is encouraging more and more companies and individuals to engage in &#8220;mining&#8221;. Mining is actually a process which secures the distributed bitcoin network, and processes all of its transactions. Historically anyone could do this using a standard PC, but these days hardware that is purpose-built for more energy-efficient mining is a necessity to mine profitably. Every ten minutes miners across the globe compete to the be the first to solve a mathematical puzzle. The winner gets the &#8220;block reward&#8221;, which is currently 12.5 bitcoins (at the time of writing worth more than US$200,000).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The soaring value of bitcoin is encouraging more and more companies and individuals to engage in &#8220;mining&#8221;. Mining is actually a process which secures the distributed bitcoin network, and processes all of its transactions. Historically anyone could do t&#8230;<\/p>\n","protected":false},"author":0,"featured_media":615444,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-419834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/spaceweekly.com\/index.php?rest_route=\/wp\/v2\/posts\/419834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/spaceweekly.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/spaceweekly.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/spaceweekly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=419834"}],"version-history":[{"count":1,"href":"https:\/\/spaceweekly.com\/index.php?rest_route=\/wp\/v2\/posts\/419834\/revisions"}],"predecessor-version":[{"id":419835,"href":"https:\/\/spaceweekly.com\/index.php?rest_route=\/wp\/v2\/posts\/419834\/revisions\/419835"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/spaceweekly.com\/index.php?rest_route=\/wp\/v2\/media\/615444"}],"wp:attachment":[{"href":"https:\/\/spaceweekly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=419834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/spaceweekly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=419834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/spaceweekly.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=419834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}