Comparative Analysis of Bitcoin Mining Machines and Their Global Environmental Impact
Kevin Mcnally,
Hoshang Kolivand
Abstract:The amount of power required to mine one Bitcoin (BTC) can vary significantly depending on several factors, including the type of mining hardware being used, its efficiency, the cost of electricity, and the overall network difficulty at any given time. Mining BTC involves solving complex mathematical problems to validate transactions on the blockchain network, which requires significant computational power. This research paper focuses on dedicated mining machines, combining essential data and information into … Show more
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