Mining bitcoin and other cryptocurrencies requires a huge amount of energy. The majority of this energy comes from fossil fuels, raising concerns about the environmental impact of bitcoin mining. Bitcoin miners use special software to solve mathematical problems and are rewarded with bitcoin for their work. This process requires a lot of energy, and the […]
Why Do Bitcoin Transactions Take So Much Energy
Bitcoin is a cryptocurrency and a payment system, first proposed by an anonymous person or group of people under the name Satoshi Nakamoto in 2008. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: […]
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