Giuseppe
Mon Jul 15 2024
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6 answers
1510
How does cryptocurrency mining reduce electricity cost?
Could you elaborate on how cryptocurrency mining can potentially reduce electricity costs? I've heard there are ways miners are seeking to be more energy efficient, but how exactly does this process work? Is it through improved mining algorithms, renewable energy sources, or other techniques? Understanding these mechanisms could be valuable for both miners looking to reduce overhead and policymakers considering the impact of mining on the energy grid. I'm curious to know if there are any proven strategies that have significantly lowered electricity costs for miners.
