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What are smart contracts blockchain | It said: "As the amount of energy needed to run Bitcoin became clearer, this policy became no longer tenable. On 19 December , Yapian, a company that owns the Youbit cryptocurrency exchange in South Korea, filed for bankruptcy following a hack, the second in eight months. Not only do miners have to factor in the costs associated with expensive equipment necessary to stand a chance of solving a hash problem, they must further consider the significant amount of electrical power in search of the solution. Archived from the original PDF on 3 September Retrieved 24 January |
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