What is Ethereum Gangdian Loan (Ethereum electricity consumption)
What is Ethereum Gangdian loan According to official news, Ethereum Gangdian loan is a loan agreement based on Proof of work mechanism. It enables users to deposit ETH in Treuhandanstalt and obtain income and liquidity as collateral to borrow assets or loans. This method allows for loans, but requires repayment and interest payment before the user completes the deposit
At present, the mainstream Bitcoin, Litecoin and RipCoin in the market have similar situations. However, this situation does not mean that all digital currencies will undergo changes; On the contrary, if one day people think that Bitcoin has reached more than 20% of its market value, they can start using these Cryptocurrency
Ethereum power consumption
According to btcmanager, Ethereum power consumption has shifted from Bitcoin network to renewable energy. In February 2020, the Bitcoin network consumed over 1 megawatt (MW) of electricity, making it one of the most widely used data centers in the world. By the end of 2019, this will reach 8 exaashes per second, equivalent to an annual electricity consumption of 4 trillion kilowatt hours or more. Ethereum generates approximately 40 TWh per day, accounting for about 5% of the total carbon content of the entire blockchain.
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