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Understanding BTC and other crypto currencies. Since Bitcoin is open source, anyone can develop their own cryptocurrency using the same technology. Originally, Bitcoin mining was handled by standard PCs with powerful graphics cards, but as the hash difficulty has increased, the preferred method to mine Bitcoins is to employ a Bitcoin ASIC, a chip.
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Bitcoin mining consumes more energy than 159 countries CBS News 27 nov. It reports that bitcoin consumed the equivalent energy of nearly 2.