cryptocurrency

Solar panels' installments in farms will certainly help to reduce electrical energy bills of farmers, reduce greenhouse discharges and also power farm machinery like electric tractors, crushing machines and crop-spraying drones. The Agriculture Ministry will issue a non-fungible token that will allow trade with international investors in Singapore.

A press toward depending much more on renewable resource for bitcoin mining could make the underperforming solar sector a lot more appealing, celebrity fund manager Cathie Wood said at a cryptocurrency conference Thursday.

Elon Musk invested $1.5 billion in Bitcoin and a big spike has been seen in this digital currency. One of the reasons behind rising cryptocurrency use in transactions of varied nature is the way it is presented in the society. It is digital and exists in a database, where it is stored after being generated with the use of computing processors which require electricity to run. Geothermal power in Iceland and Hydropower has already been proven beneficial in crypto mining and solar energy can be beneficial for the same at locations where the sun shines well.

Cryptocurrency and its mining processes have often been blamed for their negligence of the environment as the tremendous amounts of energy required to power the business has even surpassed the power consumption of some small nations on the planet. This is further echoed by the fact that the energy requirements are often fulfilled by unsustainable methods, such as fossil-fuel based electricity generation, leading to carbon pollution at the hands of the industry.

Humanity is currently in the middle of the era of the Internet. The World Wide Web, digital media and globalization have all but transformed the very existence we are a part of. Everyday scenarios and situations have gained digital counterparts, and things that would once require significant effort are now available at the touch of a finger.