Home News Bitcoin mining consumes 0.5% of all electricity used globally and 7 times Google’s total usage

Bitcoin mining consumes 0.5% of all electricity used globally and 7 times Google’s total usage

Bitcoin mining consumes around 91 terawatt-hours of electricity annually.
With increased competition, bitcoin mining has become an industry of its own, requiring specialized machines, servers, and huge data centers with enough cooling capacity to keep the computers from overheating.
As noted, the internal mining process itself has become more complex; according to the New York Times, a single desktop computer could easily mine bitcoin back in 2011, when the cryptocurrency had little following.

[Via]

Daily.

Should India regulate Google, Apple app stores? developers say yes

Last month, the country set a global precedent by passing a legislation which forces Google and Apple to open their app stores to alternative payment systems.
Apple and Google also said they would charge a lower 15% commission from developers with less than $1 million in yearly revenue from app payments.
Now we have the South Korean legislation which directs Apple and Google to allow developers to have alternate payment methods within their app.

[Via]

Daily.

Mumbai-based fashion retail chain Shoppers Stop has onboarded Accenture to drive the company’s digital transformation needs across multiple retail channels as well as move into an omni-channel retail model.
Shoppers Stop currently provides shopping through WhatsApp, website and phone applications.
Shoppers Stop currently has 84 departmental stores in 44 cities, along with 11 home concept stores, 130 beauty stores for products such as M.A.C., Estee Lauder, Smash Box and the likes.

[Via]

Daily.