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29.08.2024 12:30:00

Are Eco-Friendly Cryptocurrencies a Superior Investment?

There's no denying that Bitcoin (CRYPTO: BTC) has been one of the best-performing investments of the past decade. During that time period, Bitcoin is up an astonishing 8,000%.But there's just one problem: Bitcoin is very energy-inefficient, and it takes vast amounts of energy to mine a single Bitcoin.  According to some accounts, the amount of energy used to mine Bitcoin in a single year is more than what's required to power a mid-sized country like Argentina. It's only natural that some investors have started to turn their attention to eco-friendly cryptocurrencies instead.In a perfect world, eco-friendly cryptocurrencies would be turning in a record-setting performance. That would encourage more investors to invest in green cryptocurrencies. It would also incentivize more cryptocurrencies to provide tangible proof that they're doing their part to save the environment.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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