Cryptocurrencies are created through a process called mining. Miners use computers to solve complex mathematical problems, and are rewarded with cryptocurrency for their efforts. The mining process requires a lot of energy, and has been criticised for its negative environmental impact. Cryptocurrency mining takes up a lot of energy because it requires powerful computers to […]
Why Power Plant Bitcoin
Power Plant Bitcoin is a bitcoin mining company that specializes in the construction and operation of power plants that mine bitcoin. The company was founded in 2017 by a team of experienced engineers with a shared passion for bitcoin and the blockchain. Power Plant Bitcoin’s mission is to provide the world with the most efficient […]
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21 Min
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Why Is Bitcoin Bad For The Planet
Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. 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: 21 million. Bitcoins are created as a reward for a process known […]
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21 Min
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Why Wastecoal Burning Bitcoin
Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. 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: 21 million. Bitcoins are created as a reward for a process known […]
Read Time:
20 Min
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How Does Bitcoin Consume Energy
Bitcoin, the world’s most popular cryptocurrency, has been in the news a lot lately. The price of a single bitcoin has skyrocketed in value, reaching more than $19,000 in December 2017. But along with the good news comes some controversy. Bitcoin is a digital currency that is created and stored electronically. It is not regulated […]
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31 Min
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What Percentage Of Bitcoin Mining Is Renewable
Bitcoin mining is the process by which new Bitcoin is created. Miners are rewarded with Bitcoin for verifying and committing transactions to the blockchain. As with any other form of mining, there is a need for energy to power the Bitcoin mining process. Many people are concerned about the amount of energy that Bitcoin mining […]
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23 Min
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How Does Bitcoin Burn Fossil Fuel
Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. 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: 21 million. Bitcoins are created as a reward for a process known […]
Read Time:
21 Min
0
Why Bitcoin Is Bad For The Environment
Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. 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: 21 million. Bitcoins are created as a reward for a process known […]
Read Time:
29 Min
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Why Is Crypto So Bad For The Environment
Cryptocurrencies have been lauded as a way to enable financial freedom and reduce corruption. However, there is a darker side to cryptocurrencies that is often overlooked: their massive environmental impact. Cryptocurrencies are created through a process called “mining.” In order to mine a cryptocurrency, computers must solve complex mathematical problems. The first computer to solve […]
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23 Min
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Why Is Crypto Mining Bad For The Environment
Bitcoin and other cryptocurrencies have been mined on a massive scale since their creation. The process of crypto mining requires large amounts of energy, which in turn creates large amounts of greenhouse gas emissions. Crypto mining can be a very power-intensive process. Bitcoin mining alone consumes as much electricity as the entire country of Ireland. […]
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24 Min
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