Home 2022 Cryptocurrency: The Knight in Shining Armor

Cryptocurrency: The Knight in Shining Armor

#mining #cryptocurrency #crypto #energy #bitcoin #ether #knights


Cryptocurrency is the financial sector’s Knight in Shining Armor, as it has introduced millions of people to Super things it comes: anonymity, adaptability, security among others, with Bitcoin, Ethereum and Knights being loved warriors”– Paul Ebeling

Cryptocurrency must be made and transactions must happen, so people must mine them. But like all mining operations cryptocurrency mining consumes electricity and since Bitcoin is the most used cryptocurrency, it is the most mined.

The mining process of the genesis crypto asset accounts for 0.6% of the world’s total energy consumption going by the Cambridge Bitcoin Electricity Consumption Index which is overall irrelevant.

Hardware used in mining is used, it is disposed, as every mining group or company wants the fastest and most efficient equipment out there.

Some miners are experimenting with harnessing excess burn off Nat Gas from Crude Oil drilling sites. But, this is hard to quantify now. But it is free!

The bottom line: Cryptocurrency has solidified its place in the global financial system and will expand as tome gore on. And Knightsbridge’s DAO is leading the way.

Have a prosperous day, Keep the Faith!

Previous articleShould You Accept Crypto Payments
Next articleBox Office: ‘Spider-Man’ Captures Another Slow Weekend
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.