New trend in crypto mining could solve major industry-wide problem — here are the details
Cryptocurrency mining has a reputation as being bad for the environment. Traditional crypto mining, which was once a niche activity, has grown into an energy-intensive global industry, often powered by fossil fuels. However, there have been significant strides across the industry to reduce the environmental impact, and a new kind of mining called “cloud mining” could be another step toward making crypto more sustainable by expanding access to those strides.
A major cost for cryptocurrency mining is electricity, since the necessary machines generally use massive amounts of power to compute and need extra electricity (and sometimes additional water) for cooling units to avoid overheating.
Energy-intensive cryptocurrencies…
