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Why does bitcoin mining use so much energy

Why does bitcoin mining use so much energy

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calendar_month 02.07.2020

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A corresponding bill currently awaits approval in the state Senate, where it faces fierce opposition from the crypto industry. The Bitmain Antminer is an example of a popular cryptocurrency-specific mining computer. Despite some limitations in everyday use, many investors are increasingly allocating significant amounts of traditional currency into the world of cryptocurrencies. Guidance on measuring emissions, such as the CCA Accounting Guidance and the Crypto Climate Impact Accounting Framework , are vital first steps toward allowing industry participants to understand their own climate impact and take action to reduce it. The water consumption tied to a single Bitcoin transaction, on average, could be enough to fill a small backyard pool, according to a new analysis.