Mining Cryptocurrency Uses More Energy Than Actual Mining For Metals

Mining cryptocurrency uses more energy than conventional mining of copper or platinum and at least as much as mining gold finds new research published today in the journal Nature Sustainability.

The digital currencies aren’t helping climate change either, as they produce millions of tons of CO2 emissions. Market trends for the virtual currency are on the rise suggesting energy requirements for cryptocurrencies will only continue to increase, researchers say. Cryptocurrencies are digital a…
Technology

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1 Response

  1. 12/01/2019

    […] involves setting up of a rig, consisting of GPUs or CPUs and an investment in the electricity. Mining is only possible on cryptocurrencies that follow the Proof of Work protocol. It takes some effort […]

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