Cryptocurrencies like Bitcoin and Ethereum are created by a process called “mining.” This involves computers solving complex mathematical problems in order to create new blocks of transactions on the blockchain. Mining requires a lot of energy, and most of it comes from fossil fuels. In 2017, Bitcoin alone was estimated to use as much energy […]
Which Crypto Uses Less Electricity
Electricity is a critical resource for running cryptocurrency mining operations. Miners need a lot of power to solve the complex mathematical problems that unlock new blocks of cryptocurrency. As the price of cryptocurrency has increased, so too has the amount of electricity used to mine new coins. Some crypto networks consume far more electricity than […]
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