MiningFriendly: Cryptomining Into The Future

2019-3-28 09:04

Cryptomining is the process whereby cryptocurrency transactions are verified and added as new blocks on the decentralized ledger known as the Blockchain. Mining cryptocurrencies is a costly business, in terms of energy usage.

As of 2017, it is estimated that Bitcoin mining’s annual electricity consumption was somewhere in the region of 29. 05TWh. To put it into perspective, this figure roughly equals to 0. 13% of the global electricity usage in the same year. The rapid growth of cryptocurrencies has caused the requirement of energy to also grow exponentially. This has induced a stress factor on electricity grids around the world, and

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Источник: ccn.com

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