Journal of Economics and Economic Education Research (Print ISSN: 1533-3590; Online ISSN: 1533-3604)


Review of Geothermal Energy as an Alternate Energy Source for Bitcoin Mining

Author(s): Sumit Kumar

This review article has highlighted the potentiality of using geothermal energy for bitcoin mining. Bitcoins are the future of digital payments and the backbone of intelligent and secure transactions. Still, bitcoin mining is a massive energy draw, making it less profitable and non-sustainable. The present paper outlines the cost, power consumption, and sustainability issues arising from bitcoin mining. It provides a rationale for potential geothermal energy application as an alternate source in bitcoin mining. We concluded that geothermal energy is a very cost-effective and environment- friendly option apart from many alternative energy sources available to bitcoin miners for mining purposes. Though geothermal energy is not entirely blame-free, it may create some geo-seismic issues in the long term, but overall, it is a great option. We must explore geothermal energy for bitcoin mining. We analyzed the research gap in this area and recommended more research.

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