Cryptocurrency Q&A
Does it cost money to burn crypto?
Does it cost money to burn crypto?
Martino
Tue Nov 05 2024
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6 answers
1416
I'm wondering if there's any cost associated with burning cryptocurrency. Does it require payment or is it a free process?
6 answers
Elena
Thu Nov 07 2024
The only significant energy expenditure occurs during the mining process before the coins are burned.
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EclipseSeeker
Thu Nov 07 2024
The implementation details determine which currency can be burned.
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Carlo
Thu Nov 07 2024
To destroy digital coins, miners direct them to a specific burner address.
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CryptoQueenGuard
Thu Nov 07 2024
In some cases, miners can burn the native currency of the blockchain.
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SumoHonorable
Thu Nov 07 2024
Alternatively, they may burn coins from another blockchain, like Bitcoin.
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