You are using an
outdated
browser.
Please
upgrade your browser
and improve your visit to our site.
Skip Navigation
The New Republic
The New Republic
LATEST
BREAKING NEWS
POLITICS
CLIMATE
CULTURE
MAGAZINE
NEWSLETTERS
PODCASTS
GAMES
The New Republic
The New Republic
The New Republic
The New Republic
The New Republic
LATEST
BREAKING NEWS
POLITICS
CLIMATE
CULTURE
MAGAZINE
NEWSLETTERS
PODCASTS
GAMES
The New Republic
The New Republic
The New Republic
Crypto-currency
February 25, 2015
Nathan Schneider
After the Bitcoin Gold Rush
“Mining” is the engine that keeps the Bitcoin network working, but it has swelled into a resource-hungry, capital-intensive, centralized syndicate. Is the Internet's native currency worth all the effort?
Our Writers
Kate Aronoff
Climate & Energy
Matt Ford
Law & The Courts
Melissa Gira Grant
LGBTQ Rights
Jason Linkins
Power & Plutocracy
Timothy Noah
Politics & Economy
Ellie Quinlan Houghtaling
Breaking News
Edith Olmsted
Breaking News
Hafiz Rashid
Breaking News
Greg Sargent
Politics & Democracy
Grace Segers
Congress & Elections
Alex Shephard
Politics & Media
Heather Souvaine Horn
Climate Change
Michael Tomasky
Politics & Ideas
About
The New Republic
’s history
1