How to profit from Cryptos without trading – Creed Capital Crypto News
In earlier articles, we explored how blockchains like Bitcoin use a system called Proof of Work (PoW) to maintain security and consensus. We explained how miners use powerful machines to solve complex puzzles and get rewarded in Bitcoin for validating transactions. We also discussed the high energy cost of mining and the criticism it faces for its environmental impact article.
The miners’ total energy consumption to secure the Bitcoin blockchain is significantly greater than what many smaller countries require for their yearly consumption. Energy is wasted on solving a useless puzzle in a brute-force manner to get the Bitcoin rewards. Computer scientists and researchers went through extensive research and designs in cryptocurrency…
