Mining Bitcoin With Natural Gas Could Reduce Energy Waste
Like the prospectors during the California gold rush of 1849, today's cryptocurrency miners seek gold from "them thar hills," and this time those hills just happen to be in Wyoming. Mining for cryptocurrencies, such as Bitcoin, Litecoin, and Dogecoin, doesn't require a pickax and a gold pan. Instead, cryptocurrency miners earn Bitcoin by verifying Bitcoin transactions, such as buying and selling. How is Bitcoin mined? In a process conceived by Bitcoin's anonymous founder, Satoshi Nakamoto, miners complete "blocks" of transactions on the blockchain, which is an electronic ledger. Bitcoin mine...
Source: interestingengineering.com