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DOMAINS TOKEN-G

Ronald Maguire

16 April 2022 215 Read Crypto , Bitcoin , Resources

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Converting Energy to Money with BTC Mining

All countries around the world can mine Bitcoin using their energy resources. If countries have more energy resources than they need and do not export these resources, one of the best tools to use resources efficiently is Bitcoin mining. Proof of Work blockchains enable mining with powerful devices with very complex computing power. These devices can create new blocks on the Bitcoin blockchain using high electrical energy.

PoW Mining

PoW is a consensus mechanism where BTC can be mined using oil, coal and renewable energy sources. The most important cryptocurrency using the PoW algorithm is, of course, Bitcoin.

 

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