Q. What do you think about the energy consumption for cryptocurrency mining?
What do you think about the energy consumption for cryptocurrency mining?
They tracked the period from early January 2016 until the end of June 2018 and found that the mining of BTC, ETH, LTC and XMR, which generated one US dollar, consumed an average of 17, 7, 7 14 megajoules. For comparison: mining of one dollar of aluminum, copper, gold, platinum and rare earth oxides consumed an average of 122, 4, 5, 7 and 9 megajoules
Asked in CategoryCryptocurrency
Cryptocurrency is a secure, trustful and transparent digital currency which can neither be counterfeited nor be reversed arbitrarily by the sender. It eliminates the necessity of a third party involvement for the exchange, as it is encrypted and peer-to-peer virtual currency. For those who prefer non-disclosure and privacy, cryptocurrency is the solution. The use of this kind of virtual currency prevents any kind of identity theft. The concept of cryptocurrency has given birth to reliable e-cash.
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