Bitcoin mining takes up a lot of energy. Why is that? Bitcoin mining is a process by which new Bitcoin are created. Miners are rewarded with Bitcoin for verifying and committing transactions to the blockchain. Bitcoin mining requires a lot of energy because it involves using computers to solve complex mathematical problems. The amount of […]
How Does Bitcoin Mining Use Fossil Fuels
Bitcoin mining is the process by which new Bitcoin is created. Miners are rewarded with Bitcoin for verifying and committing transactions to the blockchain. Mining is done by running extremely powerful computers that solve complex mathematical problems. The mining process consumes vast amounts of energy. The majority of this energy is sourced from fossil fuels, […]
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