Bitcoin mining is reportedly using record levels of energy in the buildup to its April 15 halving. The digital asset’s miners used a massive 19.6 gigawatts of power in February 2024 and this is expected to keep on increasing till the halving date. One year ago, the figure for the same month was 12.1 gigawatts, showing a 62% increase in electricity demand for the mining process. 

The largest digital asset by market capitalization has an energy-intensive mining process. At the heart of this mining process is a rudimentary equation. Miners try to solve this equation through their computers and the mining reward is shared according to their performances. 

Anyone can participate in the…

Read more on bitcoinnews