Which of the following best describes the energy consumption of Bitcoin? a. The financial sector b. The total energy consumed by a nation. c. Cost of a fiat currency standard d. The price of "doing something worthwhile," such as locating prime numbers

Which of the following best describes the energy consumption of Bitcoin? a. The financial sector b. The total energy consumed by a nation. c. Cost of a fiat currency standard d. The price of "doing something worthwhile," such as locating prime numbers

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter14: Investment, The Capital Market, And The Wealth Of Nations

Section: Chapter Questions

Problem 2CQ

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Which of the following best describes the energy consumption of Bitcoin?

a. The financial sector

b. The total energy consumed by a nation.

c. Cost of a fiat currency standard

d. The price of "doing something worthwhile," such as locating prime numbers

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