🚀 BITCOIN TO CONTINUE HIGHER?! | ALTCOINS NEXT?! 🚀 PT2
Mining helps bitcoin and other cryptocurrencies function as an open financial system that doesn’t rely on centralized banks or companies. It also rewards people for verifying and recording digital data on the cryptocurrency network. Mining requires significant computing power, electricity and equipment. This energy consumption undermines climate goals and threatens grids, utilities, communities and ratepayers.
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🚀 BITCOIN TO CONTINUE HIGHER?! | ALTCOINS NEXT?! 🚀
Cryptocurrency mining involves using a computer to verify transactions on a blockchain network. These transactions are added to a digital ledger that prevents double-spending. A miner who first guesses the correct answer earns a reward. This process takes a tremendous amount of computing power and electricity.
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Aleo
Crypto mining is a massively energy-intensive process. It guzzles fossil fuels and makes electricity prices spike, which hurts grids, utilities, communities and ratepayers. Keeping a warehouse full of mining hardware is expensive, and the equipment can prematurely age. Plus, it takes a lot of space to keep it all cool and running.
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