Video: University of Chicago paleontologist Neil Shubin, one of our favorite explainers of all things scientific, shares some recent stories from the world of science. Read about each of them below.
The price of Bitcoin surged to a record high of more than $60,000 last week on the back of surging demand after tech billionaire Elon Musk put $1.5 billion into the cryptocurrency in February.
The soaring price has many environmentalists concerned because the process of “mining.” Bitcoin demands a huge amount of energy as vast banks of computers work to solve complex problems which allow blocks of transactions to be chained together. As those problems are solved, Bitcoin miners are then rewarded with new Bitcoins.
“With Bitcoin, what they do is they mine it using computer algorithms — computer problems that must be solved. And what it takes is enormous computing power,” said Shubin. “So, what you have are these whole…