Posted on 04/02/2021 12:11:46 PM PDT by bitt
Today, a new cryptocurrency is released into the digital cryptocurrency economy through a process known as mining. However, crypto mining is a deeply energy-intensive process. “Mining” bitcoin involves solving complex mathematical problems in order to create new bitcoins. Bitcoin miners are later rewarded with a fraction of Bitcoin for every problem they solved.
According to the Cambridge Bitcoin Electricity Consumption Index, bitcoin mining in 2020 consumes 120 gigawatts (GW) per second. This converts to about 63 terawatt-hours (TWh) per year and thus increases the annual CO2 emissions, which leads to global warming. The CBECI further notes that the amount of energy consumed by bitcoin mining today is equivalent to the annual carbon footprint of Argentina.
To address the environmental impact of bitcoin energy consumption, Microsoft is proposing to develop a cryptocurrency mining system that allows people to mine cryptocurrencies by “monitoring people’s brain activity and other personal biometric data.” Microsoft’s idea will eliminate the need for specialized cryptocurrency mining equipment.
(Excerpt) Read more at techstartups.com ...
We could harness every single human being in this endeavor and probably end up with one Bitcoin a few minutes before the sun swallows the Earth.
Suuure. And get Microsoft’s infamous “blue screen of death?” I don’t think so.
There you go, the MATRIX.
brain activity ? well Democrats will be out of luck here ,LOL
“Instead of massive computation work required by some conventional cryptocurrency systems, data generated based on the body activity of the user can be proof-of-work, and therefore, a user can solve the computationally difficult problem unconsciously.”
OK Doc, in english...
Your head is gonna get hot.
This is what we’ll all do after the robots take over.
Are you sure this wasn’t published on April 1st?
<<“Mining” bitcoin involves solving complex mathematical problems in order to create new bitcoins. Bitcoin miners are later rewarded with a fraction of Bitcoin for every problem they solved.>>
Can I at least use a calculator?
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