Analyst Claims 98% of Mining Rigs Fail to Verify Transactions

Alex de Vries, the founder of the Digiconomist, has given a damning assessment of the electricity consumed by Bitcoin (BTC) mining in an interview with British media outlet, The Telegraph.

According to de Vries, a single Bitcoin transaction expends the same quantity of electricity needed to power a British household for 59 days,

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The Bitcoin Cash Network Processed 687,000 Transactions on August 1st

News

Over the last day, BCH proponents have been celebrating the ‘Bitcoin Cash Independence Day’ which marks the anniversary of the August 1 blockchain split that took place a year ago. During festivities, the BCH community sent a ton of transactions over the course of the day and on August 1,

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