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Bitcoin, the virtual currency, has become a massive energy hog Bitcoin has become the world's premier virtual currency, and although it exists only online, it runs up enormous energy costs in the real world. Verifying bitcoin transactions is so energy intensive the currency tops 159 individual countries in energy consumption, according to data consultant Alex de Vries.
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Lloyds bans crypto-currency credit buys Lloyds Bank bans customers using its credit cards - not debit cards - from buying digital currencies such as Bitcoin. Positive Money's Fran Boait, thinks it's a good move.
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