Northern Spirits Starts Accepting Cryptos As a Form of Payment


The mining of Bitcoin and several other cryptos that rely on the proof-of-work model are power intensive. The mining revolves around computers solving complex mathematical equations and after each mining rig or computer solves a puzzle, a block is created in the blockchain. Afterward, when transactions happen, the information are stored in these blocks that were created from the mining process. 

Nonetheless, in recent years, new models appeared in the cryptocurrency space such as the proof-of-stake model which is less power-intensive, and that could lead to a wider adoption from people who were concerned about the negative impact on the environment.