Powering a Greener Future
The Bitcoin community is facing a serious problem of pollution. A study conducted by different sources showed that the electricity consumed by Bitcoin mining is equivalent to the annual energy usage of entire countries like Ireland and Hungary, being a shocking revelation surrounding the crypto realm. With this alarming situation, the community needs to find […]
The Armenian government authorized leasing an old space heating facility during a meeting on January 19. Since it generates expensive electricity power, the authorities have considered the equipment just at Hrazdan thermoelectric power project obsolete and ineffective. Hrazdan is one of Armenia’s most important sources of energy plants. The administration has decided that the ancient […]
Unlike traditional currencies, bitcoins are not printed; instead, bitcoins are mined. If you think that bitcoins are mined by using shovels and other equipment, just like the gold are mined from gold mines, you are mistaken. Bitcoin is not a physical currency. Thus, the process of getting bitcoins is not the same as the process […]
The popularity of Bitcoin mining has surged in recent years as more individuals see it as a lucrative opportunity to make money with cryptocurrencies. However, the conventional method of Bitcoin mining is detrimental to the environment as it contributes to the emission of greenhouse gases, which exacerbates the issue of global warming. As an expert […]