To mine or not to mine

Cryptocurrency miners halt as market lacks cost efficiency. Cryptocurrency miners in India are failing to make better profits as bear markets, rising electricity cost, and an increase in mining difficulty have     a looming effect on mining. Also, fewer people are entering the mining field as the cost of a rig has shot up due to a shortage […]

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Cryptocurrency is the new remittance currency for Indians

 Non-Resident Indians (NRIs) across the globe are using cryptocurrencies for remittance to avoid expensive cross-border payment transfer charges. Recently, all of the major cryptocurrency exchanges have seen at least a 100 percent rise in trade and investment. A World Bank committee has suggested the benefits of Central Bank Digital Currency (CBDC) in cross-border payments. The process of […]

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Crypto’s Ugly side: Bitcoin’s thirst for energy

The rise in demand for cryptocurrencies, particularly Bitcoin (BTC), has led to an unprecedented increase in consumption of energy. Bengaluru: A single Bitcoin (BTC) transaction now needs roughly five times the energy required to complete 100,000 VISA (debit/credit card) transactions. According to a new report by digiconomist, it takes 821 kWH of energy to complete […]

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