Orphan blocks on bitcoin network waste 16 GW

A new PNAS Nexus paper has shed light on a major source of hidden energy waste on the bitcoin network. Here, miners compete to solve a complex mathematical puzzle. The miner that solves a puzzle first is rewarded by the network with a block: new bitcoins plus transaction fees. An accidental fork occurs when two… Continue reading Orphan blocks on bitcoin network waste 16 GW