Flow-er
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The energy consumption of bitcoin as gained attention since last year when China ordered a total crackdown on bitcoin miners. The debate on the energy consumption of bitcoin as escalated to almost an unbearable point. This argument dragged the price of bitcoin down very quickly and it has adverse effect on the price of cryptocurrencies
That wasn't enough to causes a steep crash of the King coin, until when the centibillinaire, Elon Musk tweeted that Tesla will suspend bitcoin as payment option until the miners resort to using environmental friendly energy to power their mining plants. This what caused the deep fall of bitcoin. The process didn't stop there, the bulls started withdrawing their funds resulting in a further crash.
Analysis was carried out on the energy consumption between cardano (ADA) and the bitcoin. It was made known that the cardano is energy efficient than bitcoin . The major reason is that the bitcoin blocks operate on a proof-of -work(poW) security measure while the cardano operate on a proof-of -stake (poS)measure. You and I know that the poS is about 47,000 times energy efficient than the poW platform . This is a clear indication that the bitcoin consume lots of energy than cardano.
That wasn't enough to causes a steep crash of the King coin, until when the centibillinaire, Elon Musk tweeted that Tesla will suspend bitcoin as payment option until the miners resort to using environmental friendly energy to power their mining plants. This what caused the deep fall of bitcoin. The process didn't stop there, the bulls started withdrawing their funds resulting in a further crash.
Analysis was carried out on the energy consumption between cardano (ADA) and the bitcoin. It was made known that the cardano is energy efficient than bitcoin . The major reason is that the bitcoin blocks operate on a proof-of -work(poW) security measure while the cardano operate on a proof-of -stake (poS)measure. You and I know that the poS is about 47,000 times energy efficient than the poW platform . This is a clear indication that the bitcoin consume lots of energy than cardano.
