How Cryptocurrency is Going Green

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Many headlines have been getting into the news lately regarding the dirty energy needed to produce various cryptocurrencies. Dirty energy is something that we are attempting to phase out as a people for the obvious reasons. Many however, do not know of the amount of energy it takes to mine cryptocurrency and how the green revolution could help shape our world future for energy in cryptocurrency.


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People have been turning to green products and industries for quite some time as the weening off of fossil fuels will help to save the planet. Legislation is now being created to help incentives industries to get off of dirty energy, which is helping the cryptocurrency world turn to clean forms of energy. Cryptocurrency is created through a process known as mining. Mining is the way that transactions are put through on the blockchain network. When someone wants to sell or buy a cryptocurrency, a miner solves a difficult computational problem using a high powered computer, when the problem is solved, the transaction is put through and the miner is rewarded with a certain amount of cryptocurrency.


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This process is of course much more intricate, but it does undoubtedly use a large amount of energy. The process of mining involves a series of high powered computers and fans to cool them down. This uses an immense amount of fossil fuel to process, and it is increasing as the proliferation of cryptocurrency sweeps the world. Cryptocurrencies have come out with the premise of being a “green currency.” Many are choosing to move towards these currencies as they support them for the future of their investment. The hopes are high that these new versions of cryptocurrencies will become the popular ones as time goes on, helping to make the world a greener place.

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