The Evobits “farm” in Romania mines the Ethereum and Zilliqa cryptocurrencies
Akos Stiller/Bloomberg by way of Getty Images
Quantum computer systems might be used to mine present cryptocurrencies like bitcoin or future, extra energy-efficient ones, slashing their electrical energy use, based on two new analyses.
Cryptocurrencies that depend on a “proof of work” technique carry out computationally intensive calculations to supply new cash and certify transactions, at nice power price. Some networks have moved to much less power-hungry strategies, like Ethereum’s “proof of stake”, however bitcoin, the world’s largest cryptocurrency, nonetheless runs on proof of labor and consumes 0.5 per …
Source: www.newscientist.com