One Transaction Of Bitcoin Mining Powers 27 Homes For A Single Day: Shocking!

By Alvine Chaparadza

With all its glamour of being a decentralized currency and appreciating in value to over $20 000, you probably didn’t know Bitcoin’s mining process consumes a lot of energy.

Mining basically is a competitive process in which different users(miners) on the bitcoin network get into a race to add a transaction record to the system(blockchain). The winning miner would have generated a winning number among a vast amount losing numbers generated by the computer. So, to generate a winning number first depends on a computer’s processing power (hash rate) and a bit of luck. In return for winning …read more

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