Bitcoin Mining must change in the future

When the exploitation of crypto-currencies such as Bitcoin and Ethereum becomes huge, we see a major change in the landscape and in the way the chips are currently created and extracted from the blockchain. In order to understand the true implications for the future of a larger crop of mining cryptography, we must first understand exactly what mining is. Fortunately, Technopedia provides a precise description of what mining actually means:

"The extraction of block strings involves the addition of transactions to the existing registry of transactions of the blockchain distributed to all users of a blockchain. The operation is usually performed on a dedicated computer because it requires a fast processor, higher power consumption and higher heat output than conventional computer operations. The main motivation for mining is that users who choose to use a computer for mining are rewarded for doing so. "

As this definition suggests, the extraction of bitcoins and cryptocurrencies is a very resource intensive process, which consumes a great deal of energy and also requires very advanced hardware such as computers. Fortunately, however, this style of mining is set to change as blockchains become more efficient and simpler. Over time, as the technology evolves, the extraction of strings of blocks will become less intensive and thus can be performed on a larger network of devices, which do not require strong processors. power or even high voltage power sources. The future could well see cryptocurrency taking place globally, via laptops, phones, tablets and even smart watches.

In fact, we even saw radiators designed to exploit cryptocurrency. These are interesting devices that also exploit the heat generated by the computer processors of the radiator to generate heat to heat your home. Everyone knows that in the future, the exploitation of cryptocurrency must improve. This industry is growing but, unfortunately, the way crypto-currencies are produced is not. To meet demand, the mining sector must save money to speed up and clean up.

The future of cryptography is promising, so we will have to create a lot more in the future. For this to be possible in a sustainable way for the planet, we must begin to be more knowledgeable in the way we mine.