But what worries environmentalists and others is the huge amount of electricity used in generating they know that they are or lose fortunes overnight in a market where values go so has a corresponding impact.
There is no direct way to calculate how much energy is used for Bitcoin and cryptocurrency mining, but the figure can be estimated from the network's hashrate and the consumption by commercially-available mining rigs. Although fossil fuels are the predominant energy source in most countries where cryptocurrency is mined, miners must seek out the most inexpensive energy sources to remain profitable. Replacing fossil-fuel-based energy with renewable energy is certain to be an environmental good. Notify of.
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