Benefits of Crypto Mining Energy Consumption

Key Points

  • Despite the fact that mining implies consuming large volumes of electricity, a substantial portion of it comes from renewable sources
  • Staking is an alternative to mining which is much more energy-efficient and is used by many blockchains
  • Use NOWPayments solutions to accept green cryptocurrencies

About Crypto Mining

What is Crypto Mining?

What is Staking?

Electricity Consumption by Crypto Mining and Staking

Proof-of-Work Protocol

Proof-of-Stake Protocol

Blockchains and their Energy Usage

Bitcoin

Ethereum

Cardano

Elrond

Accept Cryptocurrencies

Conclusion

Why use NOWPayments.io?

  • Over 50 cryptocurrencies are accepted on the platform with an in-built exchange feature;
  • API, widgets, plugins and a donation button are all easy to integrate;
  • It is a non-custodial service ensuring the security of your funds;
  • A very simple setup

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