Electricity needed to mine bitcoin is more than used by 'entire countries' | Technology... - 0 views
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dr tech on 28 Feb 21"Bitcoin mining - the process in which a bitcoin is awarded to a computer that solves a complex series of algorithms - is a deeply energy-intensive process. "Mining" bitcoin involves solving complex math problems in order to create new bitcoins. Miners are rewarded in bitcoin. Earlier in bitcoin's relatively short history - the currency was created in 2009 - one could mine bitcoin on an average computer. But the way bitcoin mining has been set up by its creator (or creators - no one really knows for sure who created it) is that there is a finite number of bitcoins that can be mined: 21m. The more bitcoin that is mined, the harder the algorithms that must be solved to get a bitcoin become."