César Escudero Andaluz
*1983 in Ávila (ES), lives and works in Linz (AT)
*1978 in Madrid (ES), lives and works in Linz (AT)
2016, installation, calculator
Bitcoin was originally conceived as an electronic decentralized system for financial transactions. Each node (user) in the peer-to-peer network has the same opportunities to get a reward when validating a transaction.
In recent years this system has triggered a competitive struggle in which computing power is the most important variable for earning Bitcoins. This involves the use of powerful equipment, and server farms spending physical and environmental resources. A struggle that only benefits the owner of the most powerful and efficient technology.
»BitterCoin«, an old calculator machine hacked for use as a miner to validate the pending Bitcoin transactions in the blockchain, takes up this discourse in a rhetorical way: it works like the most basic computer, increasing the time needed to produce Bitcoins almost to infinity.