It's not even necessarily based on electricity, more so computation and number theory. And let's face it, social marketing.
How much electricity a coin consumes depends on the design of the coin. Most of the more recent ones try to make it so that you just can't use a large dam in china to mine a lot of coin. They minimize the energy arbitrage aspet.
It's not even necessarily based on electricity, more so computation and number theory. And let's face it, social marketing.
How much electricity a coin consumes depends on the design of the coin. Most of the more recent ones try to make it so that you just can't use a large dam in china to mine a lot of coin. They minimize the energy arbitrage aspet.