Bitcoin, the first and most well-known of cryptocurrencies, has changed world finance forever, but its concerns about environmental impact are quickly gaining attention. LeeChiaJian, a keen observer of the crypto world, explores the hidden environmental consequences of Bitcoin mining, offering a balanced perspective and actionable insights.The Alarming Energy Consumption of...
The dirty secret about crypto mining? It used to be a power hog. Images of energy-guzzling server farms, spewing carbon into our atmosphere, threatened to swamp the revolutionary potential of blockchain technology. Of course we all experienced that guilt, right? Loving the concept of decentralized finance, but detesting the environmental...
Bitcoin mining is an essential part of how the currency works, as miners verify transactions and add new blocks to the blockchain. It has come under attack for its high energy use. Estimates indicate Bitcoin mining uses between 73-113 terawatt-hours (TWh) of electricity per year as of 2023. This astounding...
