Besides the difficulty required to solve the problems required to settle transactions always increases as one goes along meaning the same set of hardware will be able to earn less in future. Now this whole discussion about future of cryptocurrency in India has recently become a hot topic as RBI filed a draft under the title Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019 for banning cryptocurrency from India and issuing as much as a 10-year imprisonment to those dealing holding or selling cryptocurrency.
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Recent advances in the world of cryptocurrencies including Bitcoin freefall from 65000 in April to around the 40000 level have focused again on the rules governing Indias cryptocurrencies.
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A Boon or Bane The concept of cryptocurrency or Internet Money is tough to recognize and. Rohan Mathawan August 6 2021. Having said that theres also bad news.
Photo by Ewan Kennedy on Unsplash. Hardware required to mine cryptocurrencies can be expensive to install and running it can also incur steep electricity costs.
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