12 lines
1.5 KiB
Markdown
12 lines
1.5 KiB
Markdown
# Mining
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The technical process of confirming transactions in a [blockchain](blockchain.md) using the proof of work [consensus algorithm](consensus-algorithm.md). Mining is typically centralized by companies known as mining pools which pool physical compute resources in order to increase their probability of confirming blocks.
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[Proof of work](proof-of-work.md) mining is an energy intensive process with a large environmental footprint because of its use of fossil fuels to provide energy for data centres.
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See also [environmental footprint of crypto](../claims/is-environmental-footprint.md), [proof-of-work](proof-of-work.md), and [proof-of-stake](proof-of-stake.md).
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## References
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1. Dindar, B., and Ö. Gül. ‘The Detection of Illicit Cryptocurrency Mining Farms with Innovative Approaches for the Prevention of Electricity Theft’. Energy & Environment, no. April (2021): 0958305X211045066. https://doi.org/10.1177/0958305x211045066.
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1. Vries, Alex De. ‘Bitcoin’s Energy Consumption Is Underestimated : A Market Dynamics Approach’. Energy Research & Social Science 70, no. July (2020): 101721. https://doi.org/10.1016/j.erss.2020.101721.
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1. Vries, Alex de. ‘Bitcoin’s Growing Energy Problem’. Joule 2, no. 5 (2018): 801–5. https://doi.org/10.1016/j.joule.2018.04.016.
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1. Vries, Alex de, and Christian Stoll. ‘Bitcoin’s Growing e-Waste Problem’. Resources, Conservation and Recycling 175, no. September (2021): 105901. https://doi.org/10.1016/j.resconrec.2021.105901. |