Since 2009 bitcoin has become a major part of everyday life, and since its creation, 660 million bitcoin transactions have been made. Those of you that don’t quite understand bitcoin. Bitcoin is basically a digital currency that operates without the authority of any central control. Some people believe that bitcoin is a simple process, but there is a lot that goes into it. For example bitcoin mines; there are approximately 1,000,000 bitcoin miners in the world. Now we will take a deep dive into the process of bitcoin mining. 

Bitcoin mining is the process of creating a new bitcoin by solving puzzles. This process works because the first bitcoin miner to solve these mathematical puzzles is rewarded with a bitcoin. Now when bitcoin was first created it was mined on desktop, but people soon realized that it was not efficient. Although it takes tons of electricity to do this bitcoin is now mined using large mining pools. Let alone the benefits of bitcoin mining, is it right for you? That’s truly entirely up to you. You could invest a ton of money into expensive equipment, and excessively high energy bills, and you still don’t have a guarantee to earn a lot of cryptocurrencies if any at all.

As long as bitcoin has been going nothing has gone wrong with these bitcoin mines. There have been 660 million bitcoin transactions since 2009 when bitcoin was created and I’m sure that there will be many more. The question is whether or not these massive bitcoin productions will ever come to a stop due to global warming. How much electricity these mining pools require is burning tons of fossil fuels. Many people are concerned that they could have adverse effects on the environment. What do you think will happen?