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February 5, 2018

Bitcoin’s price crashed, but it’s still devouring an obscene amount of energy

  • Industry
  • Energy

Vox – The price of the digital cryptocurrency Bitcoin fell this week by half from a peak last month of $19,500 per “coin.”

When the price was soaring in December, there was a huge speculation frenzy. But as of Wednesday, Bitcoin was trading as low as $9,200 in a drop almost as sharp and sudden as the December surge. (As of Friday morning, it was up to $11,600.) And coin holders are rattled — one of the top posts this week in the cryptocurrency Reddit community was a post on suicide hotlines.

Read more at Vox.

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