BITCOIN prices may be surging – but experts have claimed the cryptocurrency could lead to the end of the world.
The high-value cyber-currency, which is currently valued at more than £15,000 ($20,000) per unit, has become ever more popular as it ascends from the cash choice of cyber-experts to a tradable asset for the general population.
But experts have warned Bitcoin could “kill the planet” due to the amount of energy required to mine the currency.
Mining is the means of generating bitcoin, and works by using specialist computer software to solve complex equations in return for the currency.
While the circulation of traditional currency is balanced by governments printing bank notes, Bitcoin relies on the mining strategy to dictate the amount of the cash in existence.
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