With Bitcoin going big, mining has become a costly and intense exercise. It takes a lot of computing power to validate the millions of transactions that happen on a daily basis. This is why environmentalists are down on Bitcoin as a viable mainstream currency. Mining Bitcoin uses the same electrical output as the entire country of Switzerland.
If Bitcoin becomes adopted by the masses as a legitimate currency, then there will need to be even more servers working overtime to compute and complete the encryptions that are the backbone of the currency.
With climate change front and center in many concerned citizens’ minds, it stands to reason that Bitcoin and cryptocurrency in general would need to greenify if they stand a chance at growing.
A few years ago Bitcoin was generally stable in its value around $2,000 per coin. This meant that for miners to make a profit they needed to find a cheap way to power the servers to do the computing. Once these companies have mined the cryptocurrency they usually sell it onto the open market to be traded by investors who are looking to convert cash to Bitcoin.
Luckily for them, Bitcoin servers are rather portable in the sense that miners could set up shop anywhere in the world where the cost of energy was cheap.
Now that people are more concerned about the environmental cost of this mining it was not looking good for Bitcoin as a viable currency. At the time, renewable energy was more costly than fossil fuels so it would have cut massively into the profit margin and possibly even seen some losses.
Now, Bitcoin shattered the $20,000 mark per coin and at the same time, the cost of using solar and wind power has dropped dramatically. Suddenly, it is feasible to use solar-powered Bitcoin mining.
This could allow Bitcoin to be adopted by the masses and grow as a currency and still be the responsible thing for people concerned about the environment.
It can go anywhere
There are many places all over the world from deserts to regions around the Equator that get a lot of sunlight year round. And there isn’t much of an economy in those areas which makes it an ideal location for Bitcoin mining centers.
They can use solar farms to power the servers and keep costs low since there is no shortage of sunlight. The long days and cloudless skies makes the price per kW hour in those areas very cheap and can compete with fossil fuels.
Another benefit is that bringing cryptocurrency mining centers to those areas can lift the economy. There will be a lot of jobs in construction and maintenance where there was little possibility of work previously.
*This article has been contributed on behalf of Paxful. However, the information provided herein is not and is not intended to be, investment, financial, or other advice.
Blockchain technology today has spread across a wave of industries. Blockchain has gone far off its genesis and a report says that annual worldwide spending on this technology has nearly tripled since 2017. Annual spending on blockchain solutions is anticipated to reach $16 billion by 2023. Today, almost every industry, be it gaming, banking or finance are realizing blockchain applications.
“Everything will be tokenized and connected by a blockchain one day.”
– Fred Ehrsam
From the perception that blockchain is meant only for banking purposes, it successfully moved to the implementation by almost every sector like:
messaging apps (like Telegram)
hedge funds (Numeral)
Voting (as in Follow My Vote)
Internet Identity and DNS (as in IBM Verify Credentials)
Critical Infrastructure Security (for example, blockchain-enabled keyless signature infrastructure)
Ride Sharing (used by Arcade City)
Education and academics (as used in Learning Machine)
Car leasing and sales
Cloud storage, cloud computing, mesh networking
Industrial IoT, forecasting, and real estate
Now it is clear that blockchain is finding its application everywhere and making a career in this field would definitely prove to be a huge success. Let us explore how taking up a Blockchain certification course can let you make a pronounced career move.
Let us now see what actually Blockchain means.
What is Blockchain?
Blockchain is no new term for people involved in investments, banking, or cryptocurrency.
Blockchain, which is based on peer-to-peer (P2P) topology, is a distributed ledger technology or DLT. It allows data to be stored across the globe on numerous servers that allow anyone on the network to see everyone else’s input in near real-time. This makes it difficult for any user to achieve control of the network.
Simply put, blockchain is a chain of blocks, where ‘blocks’ refers to the digital information that is stored in a public database that is ‘chain’. Blockchain was initially created to serve as a platform to support Bitcoin.
Blockchain provides businesses with the promise of transactional transparency, which gives them the ability to create secure, real-time communication networks with partners worldwide that includes supporting everything from supply chain to payment networks, or real estate, and healthcare data sharing.
Blockchain technology conserves a record of entire exchanges of data that takes place. In terms of cryptocurrency, transfer of every information is referred to as ‘transaction’, and the database where all transactional records are saved is referred to as a ‘shared ledger’. Every successful transaction is added as a ‘block’ in the ledger.
Reasons to get Blockchain Certified
The candidates who wish to make a career in the Blockchain domain can go for blockchain certifications that are offered by the blockchain council. The certifications render a thorough knowledge of core concepts of blockchain and may prove to be the pathway to a lucrative career in this domain. Getting blockchain certified makes you industry-ready by making you develop the right skills you need to be proficient in the domain.
Let us read about the reasons why you should get Blockchain certified (as stated by the Blockchain council): A census states that 50% of people use the Internet today, but only 0.5% use blockchain; this can be taken as an opportunity to move ahead and learn blockchain.
You need to:
Understand how blockchain technology works.
Learn the skills related to blockchain.
Collect useful resources and make their efficient use.
Implement your knowledge in building decentralized applications.
1. Huge demand for blockchain professionals
Blockchain is trending today, and there is a shortage of skilled professionals. You can develop the required skillset and land on to a lucrative job.
2. Excellent salary and high job prospects
Indeed.com reveals the average annual salary of a blockchain developer to be USD 92,982. The salary increases with your experience and also, the job market is bright for blockchain enthusiasts. The roles for which companies are looking for are:
Cryptocurrency Mining Technician
Bitcoin Full-Stack Developer
Senior Software Engineer
3. Absolute Disruption in chain
Blockchain is capable of adding significant value by improving confidence between parties and minimizing friction in the value chain. Hence, it creates many job opportunities as managers might be reassessing their value chains, and players might be estimating their future positions.
4. Industries on Blockchain
Apart from banking, almost every industry is implementing Blockchain technology today, such as energy resources, supermarkets, healthcare, cloud storage, real estate, travel and transportation, voting, and many other sectors.
Other advantages of getting blockchain certified include integration with new-age technologies, the inflection point of an era, data security and digital identity, calculated investments in cryptocurrencies and ICOs, vast infrastructure.
Blockchain is considered a disruptive technology which means that it is capable of bringing out drastic changes in the industry. Eventually, it has become one of the dominant technologies in the market today. The reason being that blockchain is an open-source ledger that is public. It makes transactions fraud-free, and no central authority controls it. The transactions made using blockchain are faster and reasonable.
Since blockchain is applied in almost every industry today, you can choose the industry you like and move ahead to make a career in it. You can choose from the many job roles offered by the blockchain council.
To achieve blockchain certification, it is strongly recommended that you take up a training course. There are several benefits of taking up the training course by some genuine online training provider.
Firstly, the thing that you worry about is the study material, from where to start and what to study. By taking up the course, you don’t need to care about this. Secondly, no time limitations are there and you can study anytime you wish to, and that too at your own pace. Third, you can choose from the modes of learning offered, that is, blended learning, instructor-led, or online training. All you need is to get yourself registered.
Cryptocurrencies may have become the buzzword today but they are still far being adopted by the mainstream. While most people may have heard of the Bitcoin, very few know how actually to earn and use it. The easiest way you can be involved in the cryptocurrency world is by researching on the crypto coins.
The best way to earn Bitcoins may be by buying them on a cryptocurrency exchange in exchange of fiat currencies or other crypto coins. The alternative is to earn Bitcoins through mining. In this, you will need specialized computers capable of solving complex cryptographic puzzles. On solving these, you can get rewards in the form of new Bitcoins. So, the question remains, is there any other way to get Bitcoins apart from investing and mining?
Ways in which you can earn Bitcoins without mining or investing
Crowd holding is a platform aimed at creating a large community of Bitcoin holders through crowd sourcing. In this, startups provide tasks on this platform so that users can offer their feedback to earn tokens as rewards.
You can use your own business to earn Bitcoins by simply stating that you are prepared to accept Bitcoins as payment.
You may earn more Bitcoins by doing certain tasks allotted to you by specific websites. In most cases, you simply have to visit these sites and view their advertisements. This hardly takes up much time or effort, and the sites will pay you in Bitcoins in exchange.
If you own Bitcoins already you can earn more through interest payments. So, you basically lend the Bitcoins to others and you charge an interest on such loans. You may either lend Bitcoins to someone you know directly, or go through any of the trusted P2P platforms.
You can even get tipped in Bitcoins, strange as it may sound. You can start a blog for instance and get rewarded in Bitcoins.
Trading your Bitcoins is definitely one of the best ways to invest and earn more Bitcoins. You can create an account using a reliable CFD provider and then deposit a small amount to begin trading. You can also use automated bitcoin trading applications like bitcoin era to improve the quality of trading.
You could also start working for companies that are willing to pay their workers in Bitcoins. So, you could get a job as a freelancer, like a writer or an artist, and start earning Bitcoins as payment for services rendered.
It is possible to earn Bitcoins through gambling, albeit a rather risk-prone one. So, there are websites where you could gamble and get rewarded in Bitcoins.
Bounty campaigns are incentive-driven rewards that are provided by startups to people. So, when a startup launches a new service or product, it may offer rewards to individuals willing to do certain tasks for them. The participants will get paid in crypto coins for their services. Whether it is writing in social media website, sharing links, or conducting signature campaigns, they will get paid by the businesses. Users can therefore do micro tasking and earn Bitcoins.
Finally, you can start blogging to earn more Bitcoins. Bloggers aim at making money by creating an audience for their write-ups and businesses are keen to market their products to that audience. They will use ads and referral links to reach out to this target audience; there are blogging platforms these days that pay you in crypto for creating content.
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