Crypto currency energy consumption comparison

crypto currency energy consumption comparison

Bitcoins mining machines

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Cryptocurrency mining rigs use large amounts of energy to cool and operate. The code includes several rules to validate new transactions. Even though you might not be able to buy a loaf of bread with Bitcoin at the corner store, many investors are putting a lot of legal tender money into cryptocurrencies. The source describes this as "the energy consumed by the Bitcoin [mining] network". In the end, the goal of the Index is not to produce a perfect estimate, but to produce an economically credible day-to-day estimate that is more accurate and robust than an estimate based on the efficiency of a selection of mining machines.