The energy these computers consume is unusually high.
Let us take the example of litecoin as an example of how theyre doing it.
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Litecoins are very similar to bitcoins, except that they reportedly only requirea quarterof the time to produce.
Other alternatives, such as solarcoin, aim to encourage real-world green behaviors.
One solarcoin is allocated forevery megawatt-hourthats generated from solar technology, rewarding those whove invested in renewable energy.
Different cryptocurrencies also use different processes to complete transactions.
The winner and the person who mints a new bitcoin is usually the competitor with the most computing power.
Without the competition, theres no computing power arms race for miners to participate in.
Investors will likewise look to the green credentials of altcoins when deciding which cryptocurrency theyll convert their bitcoin into.
Still the future of finance?
Then theres the sectors electricity use.
Banks themselves use plenty of computers and servers, as well as thousands of air-conditioned offices and fuel-guzzling vehicles.
Banks can do this by reconsidering their portfolios and working towards net-zero carbon emissions.
