Bridging the Energy Gap in Crypto Mining for Sustainable Growth
In recent years, cryptocurrency has emerged as a powerful segment of modern finance by transforming transactions, enabling decentralization, and creating new digital assets. Unfortunately, the global expansion of cryptocurrency has surfaced a new problem – energy Efficiency getting out of control. IoT Based mining consumes a substantial energy due to its high computational requirements. Cambridge’s Alternative Finance Center revealed that Bitcoin mining alone consumes around 140TWh per year, which is on par with entire nations like Argentina or The Netherlands.
This business model poses two distinct problems – financial viability and environmental responsibility. Exorbitant fossil fuel-based energy prices, coupled with…
