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Why Crypto Mining Needs Nuclear Power

From coindesk.com

Opponents of cryptocurrency often cite its energy and pollution footprint as major reasons against adoption. However, the natural synergies between cryptocurrency mining and nuclear power could take that issue off the table altogether. Cryptocurrencies are digital currencies secured by cryptography. Unlike physical money, like dollars, cryptocurrencies are not minted by national institutions. Instead, they are created through complex algorithms that take place over computer networks. While not all crypto currencies have a specific function, the most valuable ones, such as BTC and ETH, exist primarily to carry ... (full story)

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  • Category: Fundamental Analysis