Crypto Mining Costly Than Mining for Gold and Silver

[Zed0X]

Looks like the move to green energy is the solution to cut on crypto mining cost.

From the article:

"Recent calculations reveal that mining cryptocurrencies need a lot of energy than the energy that will be required to mine precious metals like gold, copper, or platinum."

"On comparing the conventional mining of copper, aluminum, platinum, gold, and rare earth oxides, it was noted that it required 122 MJ for aluminum, 4 MJ for copper, 5 MJ for gold and 7 MJ for platinum, and for mining cryptocurrency worth $1 it takes about 9 MJ. Thus, indicating that except for the equivalent energy needed for aluminum, cryptocurrency required more power than that is required for conventional mining of metals like copper, platinum, gold, and rare earth oxides."

https://thecurrencyanalytics.com/3520/crypto-mining-costly-than-mining-for-gold-and-silver/