New York State is particularly averse to the energy consumption produced by Bitcoin mining, but since Eric Adams has been the mayor of New York City, the city seems to be moving closer to the crypto world.
Bitcoin mining in New York City
To mine Bitcoin, special machines are used that produce a lot of heat. They basically consume a lot of electricity, converting it all into heat. In fact, they have to be cooled down in order to prevent them from deteriorating.
The electricity is used trivially to randomly mine huge amounts of alphanumeric strings, called hashes, and to test whether they can validate a block. When the hash that validates the block is found, it can be added to the blockchain.
The blocks contain all the transactions to be validated, so when a block is validated by the hash and added to the blockchain all the transactions in it are also validated.
Thus the only product of those machines is a single alphanumeric code, and worldwide there is only one every 10 minute
We współpracy z: https://en.cryptonomist.ch/2023/06/22/bitcoin-mining-ny-heats-swimming-pools/
