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electricity consumption

10/17/2018 / By Tracey Watson

“Smart” meters are wildly inaccurate: Study finds that readings can be 581% higher than actual use

A smart meter is an electronic device that records the amount of electricity consumed by a household and then relays that information to the electricity supply company for monitoring and billing. That might sound like a really smart, energy-efficient idea, but despite their intelligent-sounding name, “smart” meters are actually a really dumb idea – not to mention dangerous. The electromagnetic […]

06/20/2018 / By Vicki Batts

Expending over 60 TERAWATT hours of electricity per year, Bitcoin can still only average 3.3 transactions per second… DOOMED to failure

Is Bitcoin worth the hype? According to new reports from the Bank of International Settlements (BIS), Bitcoin and other cryptocurrencies are doomed to fail. The BIS study, aptly named “Looking Beyond The Hype,” investigated whether or not cryptocurrencies can sustain their role as money. Based on their findings, the BIS has ultimately concluded that cryptocurrencies […]

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