The Bitcoin mining process consumes a lot of energy. In fact, it is estimated that the electricity used to power Bitcoin miners around the world exceeds the annual electricity consumption of Ireland! This high level of energy consumption has significant environmental impacts. You can use the bitiq app for knowing authentic details about bitcoin trading.
Bitcoin mining operations have been criticized for their large carbon footprints. One study estimated that Bitcoin mining uses about as much energy as all of the electric vehicles in the world combined! This is because the process of “mining” new Bitcoins requires computers to solve complex mathematical problems, which requires a lot of electricity.…
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