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The reason #bitcoin #mining uses so much energy #shorts #crypto #nft
Every 10 minutes Bitcoin mining computers go head to head in a race to correctly guessed the answer to a really complicated math equation, the most powerful computer capable of making the most computations per second is most likely to win earning them the right to confirm a group of Bitcoin transactions and get some bitcoin of their own. The more powerful you are, the more successful you’re likely to be, but being powerful requires a lot of energy. Compared to the most basic Bitcoin mining hardware. The most powerful Bitcoin mining operations gobble up 10s of 1000s of times more energy and that energy use is constantly growing competition is pushing Bitcoin miners to use computers that are ever more powerful and energy hungry the results and arms race resulting in ever higher energy consumption. Since bitcoin is still early in its evolution, this exponential growth is likely to continue unless that is the value of Bitcoin stops increasing or how its mind fundamentally changes.
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