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However in early 2022, financial ratings agency Fitch warned utilities that relying on bitcoin miners to purchase their power carried important dangers, given the volatility of the cryptocurrency market, which has plummeted this year. Nobody controls these blocks, because blockchains are decentralized throughout each laptop that has a bitcoin wallet, which you solely get if you buy bitcoins. Some say Bitcoins will convey down governments and even the society as we understand it; others advocate it as the answer to all our financial problems.