As of 2022, Bitcoin has the same energy footprint as the entire country of Argentina, for example.īecause Gridcoin is a proof-of-stake system, no mining is required. This is a very energy intensive process, and has no use outside of securing the network. When you guess correctly, you are given some currency in exchange for your work. In mining, you spend your computational power trying to guess the answer to a mathematical puzzle and in doing so, you provide the security for the network.
*Mining* is a term used among Proof-of-Work currencies such as Bitcoin, Litecoin, and Monero. Please see () for more information about these options. You can, of course, also just buy GRC outright through exchanges as well. You can also get staking rewards just for holding GRC in your wallet. Thanks to the generosity of our community, you can get free GRC from several faucets. You **do not need to mine/crunch Gridcoin to use it or even to get your hands on your first few GRC**. Whether you are new to the cryptocurrency in general or an experienced crypto miner, this guide will provide you with the information you need to get started. If you are new to Gridcoin, you may be wondering how you can use your computer's spare processing power to earn some GRC.
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