Bitcoin’s Proof-of-Work Can Be Made More Efficient, IBM Research Claims

The problem they faced is that, unlike specialized PoW mining hardware for cryptocurrencies such as ASICs and GPUs, IoT devices vary widely in their computational power and energy resources. After all, IoT is a broad category that includes everything from pocket-sized temperature sensors to internet-connected automobiles.

How A Hapless Bitcoin Entrepreneur Got Swept Up In The Crypto Craze And Started A Multimillion-Dollar Ponzi Scheme

Though the video may have come across as grandiose and slightly ridiculous, it was emblematic of Pelletier’s approach to bitcoin. He liked to make big promises, even if he couldn’t always deliver. Back in 2016, he was an enthusiastic cryptocurrency convert and had big plans about how to make money.

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