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Block-Head Chain

We may be losing the trade war in goods with China, but the virtual trade war is running nicely. It seems the US should soon resume its historical dominance in natural resources production…

Excerpted from the link:

Extracting a dollar’s worth of cryptocurrency such as bitcoin from the deep Web consumes three times more energy than digging up a dollar’s worth of gold.

There are now hundreds of virtual currencies and an unknown number of server farms around the world running around the clock to unearth them, more than half of them in China

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