Cryptocurrency Mining Farm (Image: M. Krohn/Wikimedia)

Taming the Power-Hungry Blockchain Beast with Decentralized, Clean Energy

Throughout history, every great breakthrough often came with negative consequences and side effects.

Think about Marie Curie. Her research on radioactivity is what makes X-rays possible today. Unfortunately, her discoveries and remarkable research are also what killed her.

What about the Internet? It’s the most revolutionary invention for generations and holds countless opportunities that benefit billions of people around the world. However, cybercrime has never been higher and expected to reach $2 tln by 2019.

It’s the same story with Blockchain. The technology has the potential to revolutionize every industry it comes into contact with. However, its biggest application remains in the cryptocurrency industry.

Cryptocurrency Mining Farm (Image: M. Krohn/Wikimedia)
Cryptocurrency Mining Farm (Image: M. Krohn/Wikimedia)

And with the current excitement surrounding this industry, it’s easy to overlook the side effects that come with such a disruptive breakthrough.

Energy-craving Blockchain can have devastating consequences for the environment
Mining popular cryptocurrencies, such as Bitcoin, requires extremely powerful computer hardware that can solve complex mathematical equations. To run these computers burns up a lot of energy, mostly from non-renewable fossil fuels.

And as the price of the digital coin sores so too does the number of people looking to get in on the action.

Read more: CoinTelegraph

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