Cryptocurrency mining loads causing disputes around the globe
- Nov 25, 2020 4:47 pm GMT
The secure and detailed record-keeping ability that blockchain makes possible has many enthusiasts of the technology claiming that its use is key to power grids of the future, where distributed energy resources predominate and consumers of all sizes generate, store, buy and sell electricity.
At the same time, the cryptocurrencies that blockchain makes possible are posing problems on the grids of the present.
The reason is the load drawn by cryptocurrency mining, which is causing disputes over power allocation in regions across the globe.
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