Monday , May 10 2021

Bitcoin extraction requires 3 times more energy than before



Fortune, according to Nature Sustainability magazine, wrote that the extraction of Bitcoin requires more energy than mining metals such as copper and gold.

As the report pointed out, the most popular crypto-clay, often referred to as "new gold", requires three times more US dollars than the research required for gold mining.

The researchers at the Oakley Institute of Science and Education in Ohio also compare the energy consumption required to remove other crypto-sediments and find that costs are generally higher than mining from the mine. However, aluminum mining requires considerably higher energy than any other metal and cryptobulus compared to the study.

The extraction industry and extraction of crypto-liquids require a wide range of skills and tools.

The CryptoLabbit output is a process in which a "miner" places a process block in a block-block, such as a transaction block.

In addition to increasing energy costs, business requires powerful computers, servers and cooling devices. In some countries, energy costs make the acquisition of Bitcoin as expensive as mining.

Bitcoin's mined energy is expected to triple this year, and if this happens, the energy consumption required for this will surpass all countries in the world.

This trend has led some municipalities to raise energy prices for cryptoxous extraction operations.


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