Climate Change and Crypto Mining: A Look at the Two Sides of a Controversial Topic

Cryptocurrency mining has become a popular way to earn money these days. While the number of miners keeps increasing, more and more people are getting into the field. Crypto mining is a process that involves using computing power to solve complex mathematical problems in order to verify and validate digital transactions. The verification process is called mining because it is so difficult that it takes an enormous amount of computational power as well as electricity to accomplish. The resulting block is then added to the blockchain, which is an online ledger that records every transaction of any kind of cryptocurrency in chronological order. This allows anyone who has access to the network or the blockchain to view all transactions that have ever been made associated with that particular currency. Miners are participants who use their computers to solve these problems and verify transactions within blocks. They receive coins as a reward for helping maintain the blockchain, which also acts as an incentive for them not to try and double-spend their earnings. Cryptocurrency mining has become widespread due to its profitability. But just like anything else in life, there are also disadvantages attached to it too. In this article, we look at some of the pros and cons of cryptocurrency mining, as well as how it relates to climate change and global warming.

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Source: by Patak.ME

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