Cryptocurrency capital gains tax calculator
In the year prior to July , Bitcoin consumed an estimated 36 billion kilowatt-hours kWh of electricity, as much as all of the electricity consumed in Maine, New Hampshire, Vermont, and Rhode Island put together in that same time period. And unlike other industries where self-imposed, or regulation-based, community standards could result in more sustainable practices, proof-of-work mining is an inherent arms race towards increased energy consumption, until prices no longer support growth. Since Bitcoin is the most popular crypto, it means that mining, along with its enormous energy costs, is likely here to stay. They emphasize the possibility for mining operations to be powered by renewable energy sources like solar or wind power. It monitors developments, recognition, and achievements made by Artificial Intelligence, Big Data and Analytics companies across the globe.