People often talk about cryptocurrency as an exciting new investment opportunity and mention how it could eliminate dependency on bank accounts and expensive money-transferring services. However, what they sometimes don’t discuss is how the cryptocurrencies through blockchain mining process uses a tremendous amount of energy. If cryptocurrency is to have a truly sustainable future, people must take energy consumption seriously — more specifically, they need to look for practical ways to reduce it. The knowledge that cryptocurrency requires a significant amount of power is not new. However, when such evidence transpires like findings as illustrated by this article from KuCoin, it emphasized how crucial it is for people to uncover more sustainable solutions for the cryptocurrency mining industry. Indeed, some experts may not agree — but even so, it’s clear that the energy used for mining is not a small amount, and efforts to make the practice more sustainable are welcome.
While exact numbers are hard to come by, and there are varying opinions on the true environmental impact of crypto mining, although the methods described from article seems promising, there is a chance any new application of technology could come with unforeseen issues that make it not as profitable as expected. In other words, investigating new cryptomining opportunities requires people to exercise patience and realize the probability of some unexpected outcomes that make it necessary to tweak parts of the process. People who are eager to start mining and start generating profits as quickly as possible aren’t suitable for pioneering methods — yet those who have a long-term viewpoint and are committed to the planet might be the right match. Although it’s not yet possible to say whether promoting these methods like finding alternative blockchain solving algorithms will prove such sufficient methods in the future, it'll surely bring the environmental well-being of the planet into the equation and truly affect change.
Submitted August 09, 2019 at 07:14AM by pete_madison http://bit.ly/2YC6RH9
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