[ad_2][ad_1] The SHA256 hashrate protecting the Bitcoin network has grown tremendously in recent years, as Bitcoin’s processing power hit an all-time high in 2020. Furthermore, the gigawatts of electricity consumption that power industrial bitcoin mining today consume up to seven nuclear power plants. Bitcoin mining is a process where groups …
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[ad_1] chirping Facebook LinkedIn A new document indicates that the energy required to extract cryptocurrencies is greater than that which is consumed during the excavation of metals of equivalent value in dollars. In the paper published November 5 by the journal Nature, researchers at the Oak Ridge Institute in Cincinnati, …
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[ad_1] A recent study by the scientific journal Nature Sustainability, published November 5, reveals that mining by crypto consumes more energy from mining to produce the same market value. Scientists from the US Department of Energy's Oak Ridge Institute for Science and Education conducted a study to assess the amount …
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[ad_1] Now there are hundreds of virtual currencies and an unknown number of server farms all over the world The representation of the virtual Bitcoin currency standing on the PC motherboard is visible in this illustrated image, February 3, 2018. PHOTO: REUTERS PARIS: Extracting a dollar value of cryptocurrency as …
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[ad_2][ad_1] Ripple's Cory Johnson recently tweeted on XRP, ETH and BTC about their impact on the environment. This is becoming more of a problem more as the use of cryptocurrency becomes more widespread. XRP tends to consume around 0.01 TWh [terawatt hours]. ETH and BTC consume substantially more, with the …
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[ad_1] While companies around the world are shaping strategies to become green and use clean energy, the chief market strategist of the leading blockchain remittance company, Ripple, also tweeted about the problem. In a recent tweet by Cory Johnson, he designed a comparison between XRP, Ethereum [ETH] and Bitcoin [BTC] …
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