Bitcoin Mining Power Is Larger Than A Nation's Worth of Energy


As Bitcoin mining becomes more complicated over time, mining the cryptocurrency consumes a significant amount of energy, with its total energy consumption being slightly more than the entire energy consumption of Switzerland. The Proof of Useful Work (PoUW) of Project PAI aims to reduce blockchain-related energy consumption by enabling entities called 'requestors' to submit 'useful work' requests like training machine learning data, thus ensuring that energy is not wasted merely verifying transactions.