‘Storing it into a new form’
Are bitcoin miners actually energy buyers? NVIDIA CEO Jensen Huang certainly believes so.
While speaking on a panel called “The Future of AI and Energy,” Huang put forth a thesis that may shed new light on crypto mining.
According to CCN, he explained bitcoin mining as “taking excess energy and storing it into a new form called currency.”
One of the biggest concerns people have about cryptocurrency mining is the amount of energy required to mine a single bitcoin, let alone millions.
Crypto operations consume massive quantities of natural resources, especially electricity. In fact, one crypto transaction uses about as much electricity as six homes do in a day, according to Energy Star.
As such, these…
