and geothermal (30) and some using less clean energy sources. Images courtesy of Shutterstock. This uses a tremendous amount of energy via computers and server farms all over the world, which has given rise to concerns about the amount of fossil fuel-dependent electricity used to power the computers. Now, have you ever wondered how Bitcoins are acquired?
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To be precise, 117.74 KG of CO2 per transaction. Household for more than 8 days) and bitcoin processed 8,930,956 transactions in one month. The root problem with conventional currencies is all the trust thats required to make it work. For another example, we reported earlier this year about a Japanese electricity company that uses excess solar power for mining. The sustainability concerns about bitcoin, voiced by economists and environmentalists, stem from the process of "mining" that is central to its existence. Specifically, she points to miners migrating out of coal-dependent China, and into areas with cheap renewable sources such as hydroelectric power in, oregon and geothermal-rich. The miners unlock bitcoins by solving complex, unique puzzles. Im propagating the destruction of our planet for the sole purpose of profit.
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