effects of cryptocurrency on environment

The Effects of Cryptocurrency on the Environment: A Comprehensive Study

Byitrecycle

The world is getting more into digital currencies, and people are looking at how they affect our environment. Bitcoin mining, especially, uses a lot of electricity. It’s also causing a lot of CO2 emissions. Between 2020 and 2021, Bitcoin mining used up 173.42 Terawatt hours of electricity. It also released over 85.89 million tonnes of…

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…