Market Overview Of Bitcoin Mining
Why The Technology Behind Bitcoin Will Transform Conservation
Out of my intellectual curiosity, I began conducting research on bitcoin mining and how it relates to carbon footprint and energy specifically. Throughout my research, domestic bitcoin mining is growing in the utilization of renewable energy and stranded hydroelectric power. These energy sources are not only more sustainable for the environment but also cheap. Additionally, bitcoin miners are flocking to rural areas, especially where there has been a population exodus.
State Of Bitcoin
As the asset class matures, it’s necessary to review the landscape, provide material insights as well as evaluate who’s best positioned to gain from this technology.
Founded by Satoshi Nakamoto in 2009, bitcoin is the world’s first cryptocurrency. Bitcoin is stored and exchanged securely on the internet through a digital ledger called blockchain. A blockchain is a growing list of records, called blocks, that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Bitcoin is divisible into…
