NFTs: the drip tray of fictitious capital
James Meechan takes a deep dive into the world of cryptocurrency, and it’s latest subordinate, NFTs
Socios and football
Jacob F writes on Socios’ recent attempts to capitalise from football through cryptocurrency, stating that fans should take a stand against the company’s monopolistic practices
Cambridge research reveals absurd amount of energy dedicated to Bitcoin mining
Campaigners against climate change have been shocked with a new statistic from Cambridge University researchers who have revealed that Bitcoin mining now consumes more energy than the entirety of Argentina, around 121.36 terawatt-hours a year. Bitcoin is a blockchain cryptocurrency that relies on verifications from computers within its network to maintain the integrity of transactions within the system. Computers that partake in this process are sporadically rewarded with the bitcoin currency, and this process is known as ‘mining’.
