A recent estimate by tech news site Motherboard put the energy cost of a single bitcoin transaction at 215 kilowatt-hours, assuming that there are around 300,000 bitcoin transactions per day. Mystery creatorDespite many attempts to find the creator of bitcoin, and a number of claims, we still do not know who Satoshi Nakamoto is, or was. It is not clear whether Satoshi Nakamoto, assumed to be a pseudonym, was a name used by a group of developers or by one individual. Each bitcoin transaction now costs around US$7.30 (RM29.75) to process, up from around US$0.30 (RM1.22) at the start of the year, according to trade website BitInfoCharts. Forking offIf you owned bitcoin prior to Aug 1, 2017, you also own Bitcoin Cash – a clone of the original.

Source: The Star December 08, 2017 05:37 UTC