Tesla owner claims to be using his Model S to mine Bitcoin for free - but all may not be as it seems

Because there are a finite amount of bitcoins, mining them takes a significant amount of energy. The “Proof of Work” algorithm is used to uncover new bitcoins from a total pot of 21 million. So far, there are 16,695,313 bitcoin in circulation, and that means as we get closer to that 21 million mark, energy ...

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