Cryptocurrencies like Bitcoin are working for more than a decade, and they function much similar to regular money. The difference is just that they are not managed by the government or banking systems. Hence, the cryptos are decentralized and use miners for the validation of the transaction.ShutterstockWithout going into detail with Bitcoin mining, let\u2019s focus on its energy consumption. To be precise and straightforward, more is the computational power; more will be the requirement of the energy.Learn more about Bitcoin mining herehttps:\/\/blockonomist.com\/where-does-bitcoin-come-from-\/academy\/kwH0AgrpMuqmxC6bm469Due to the scaling up of mining operations, the demand for base-load power has increased. Bitcoin mining requires a massive amount of energy. According to the data, Bitcoin mining consumes nearly 105 terawatt-hours of energy per year globally. So, we cannot solely depend on only non-renewable energy sources.Additionally, Bitcoin mining is known to promote global warming by producing CO2. Hence, geothermal energy has a considerable role to play. Being renewable, geothermal energy can provide the power required for mining round the year.You can know more about crypto energy consumption herehttps:\/\/blockonomist.com\/non-renewable-energy-resources-can-be-exhausted-if-the-use-of-cryptocurrencies-is-continued\/cryptocurrencies\/RayMar27mF9GUobHKKQIAlthough renewable energy sources like solar energy, wind energy can be used for mining, their capacity factor is limited. So, technically, we are left with only geothermal energy as a future of mining because of their high capacity factor.The geographic location does not restrict crypto mining, and hence it is not limited by the distance from the consumers. The facilities of mining can be employed anywhere across the world. This requires the development of off-grid geothermal power plants that would allow the developers to commercialize the geothermal potential.Recently, on June 9th, El Salvador planned to use volcanic energy to mine Bitcoin. It is being said that energy from the volcanos is 100% renewable and 100% clean. The step was taken keeping in mind the harmful effect of Bitcoin mining on\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Cryptocurrencies like Bitcoin are working for more than a decade, and they function much similar to regular money. The difference is just that they are not [...]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts\/4750"}],"collection":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/comments?post=4750"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts\/4750\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/media?parent=4750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/categories?post=4750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/tags?post=4750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}