Cryptocurrency Q&A
Is Bitcoin mining a waste of energy?
Is Bitcoin mining a waste of energy?
Valentina
Thu Nov 28 2024
|
5 answers
887
I'm concerned about the environmental impact of Bitcoin mining. I've heard it requires a lot of energy, and I'm wondering if that makes it a waste. Could someone explain the energy usage of Bitcoin mining and whether it's considered a waste or not?
5 answers
Caterina
Sat Nov 30 2024
Cryptocurrency mining, particularly proof-of-work operations, demands substantial energy resources.
Was this helpful?
342
81
Giuseppe
Sat Nov 30 2024
These mining activities often operate continuously, without pause, requiring a steady supply of power.
Was this helpful?
89
64
Ilaria
Sat Nov 30 2024
The energy consumption of crypto mining has become a significant factor in the global energy landscape.
Was this helpful?
69
23
lucas_lewis_inventor
Sat Nov 30 2024
According to the U.S. Department of Energy's Energy Information Administration (EIA), crypto mining now consumes up to 2.3 percent of the country's electricity.
Was this helpful?
65
56
DigitalDragonfly
Fri Nov 29 2024
This percentage highlights the growing impact of cryptocurrency mining on the national energy grid.
Was this helpful?
322
97
