Bitcoin mining is a process that helps secure the Bitcoin network and produces new Bitcoin. Miners are rewarded with Bitcoin for verifying and committing transactions to the blockchain. As Bitcoin mining becomes more popular, it requires more electricity to power the mining rigs. Some miners have turned to burning waste coal to power their mining […]
Why Does Bitcoin Take So Much Energy
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 […]
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