Energy consumption is a constant concern in crypto mining, but more sustainable practices are emerging

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Finance Finance Headlines News

Energy consumption is a constant concern in crypto mining, but more sustainable practices are emerging- Presented by Deloitte

— decentralized public digital ledgers — that is constantly recorded and updated on millions of specially built computers that maintain the network. New Bitcoins and other cryptocurrencies are also minted after the purpose-built computers solve increasingly complex math puzzles known as"hashing algorithms.

" In addition to fluctuations for Bitcoin, ether, and other digital currencies, cryptocurrency miners are constantly monitoring how much energy is needed to constantly power, cool, and store all of this specialized computer equipment. Most of this energy comes from fossil fuel sources in places offering cheap prices.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Deloitte Our enemy is Apartheid Israel. Zionism equals Genocide.

Deloitte good luck

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines