Ecology and Crypto-From Fossil Fuels to Green Energy
Discover How Green Energy and Sustainable Mining Methods are Transforming Cryptocurrency Mining
This post can be read in Tocsin Magazine, and all Non-Medium members can read the full article here.
Introduction
Since Tuesday, I gave priority to a sports article — after all, Croatia (my homeland) won a silver medal at the World Handball Championship — I thought it would be a good idea to write about cryptocurrencies today.
In terms of ecology and cryptocurrency mining, there is a fierce debate between the opponents — those who claim that mining is an environmental catastrophe — and the proponents, who argue that crypto mining does not pose as great a threat to the environment as some believe.
What are crypto mining and PoW?
The very first cryptocurrency was Bitcoin, which is mined using the Proof of Work (PoW) method. In simple terms, PoW means that miners use their computers to solve complex mathematical problems; the first to solve the problem gets to…
