how does crypto harm the environment

Ways Cryptocurrency Harms the Environment: A Breakdown

Byitrecycle

Cryptocurrency, especially Bitcoin, has become very popular. It promises to change finance for the better. But, it has a dark side – its environmental impact. The method of creating Bitcoin, known as proof-of-work, uses tons of energy. This puts a huge strain on our power supplies. Moreover, the damage to our environment is serious. Since…

crypto is bad for the environment

Why Cryptocurrency Is Considered Bad for the Environment

Byitrecycle

The rise of cryptocurrency, especially Bitcoin, has gained wide interest. Yet, this boom brings significant environmental concerns. United Nations scientists have linked cryptocurrency mining to harming our ecosystem. For example, Bitcoin mining used a huge amount of electricity in 2020-2021, more than some countries like Pakistan. This high energy use also leads to a lot…