why is mining crypto bad for the environment

The Environmental Impact of Crypto Mining: A Closer Look

Byitrecycle

Cryptocurrencies are booming, leading to more crypto mining. This raises serious environmental impact worries. Bitcoin mining highlights these challenges as the industry grows. Miners, in their quest for profits, use a lot of energy. This process’s energy use is now on par with half of the global banking sector’s, despite being much smaller in value….

crypto mining and environment

Cryptocurrency Mining and Its Environmental Effects: A Deep Dive

Byitrecycle

In recent years, cryptocurrency mining, especially Bitcoin, has soared in popularity. This digital currency’s rise has brought its environmental impact into focus. Considering its energy use and greenhouse gas emissions is vital. Up to now, the Bitcoin network has caused about 199.65 million tonnes of CO2 emissions. A shocking 92% of this has occurred since…