🔍 Before analyzing issues related to bitcoin's pollution, energy consumption, and related environmental and socio-economic impacts, it is necessary to understand how mining works, the figure of the miner, and the architecture of the Bitcoin ecosystem.
⛓️ Mining is the process by which new blocks of transactions are validated and added to the time chain, the public and distributed ledger that forms the basis of the Bitcoin monetary system.
⚙️ This process also enables the creation of new Bitcoins and provides an economic incentive for miners, those who invest their computing resources to contribute to the security and stability of the network.
🧠 The timechain (mistakenly called the blockchain) is a chain of blocks containing verified transactions. To add a new block, miners compete by solving a complex cryptographic problem according to a protocol called Proof of Work (PoW).
🔐 PoW ensures the security of the network by making it extremely costly to change data: changing a block would require redoing all the computation for the previous blocks.
♻️ The problem to be solved, generated by the system, requires huge computational resources, and it is precisely this high energy consumption that fuels the debate about the environmental impact of Bitcoin mining.
📶 Stay tuned.
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