In order to validate transactions and add new blocks to the Bitcoin blockchain network, a process known as “mining” involves solving difficult mathematical equations.
This method consumes a lot of computational resources, which results in high energy costs. The energy needed for mining bitcoin also rises in tandem with its popularity and demand.
The environmental effects of bitcoin mining, particularly the carbon emissions linked to energy use, have come under scrutiny as a result. [Read more…] about The Environmental Impact of Bitcoin Mining