cryptocurrency is bad for the environment

Why Cryptocurrency Is Criticized for Environmental Harm

Byitrecycle

The world is talking about the rise of cryptocurrency, especially Bitcoin, and its impact. While it brings financial innovation, its harm to the environment is worrying. A UN report shows that Bitcoin mining uses about 173.42 terawatt-hours of electricity yearly. That’s as much as whole countries use. This huge energy use is like burning 84…

how is crypto bad for the environment

Why Is Cryptocurrency Bad for the Environment? A Deep Dive

Byitrecycle

The quick growth of digital currencies like Bitcoin sparks much debate about their cryptocurrency environmental impact. This financial trend grabs both investors and consumers’ attention. But, the high energy use for Bitcoin mining worries both environmentalists and policymakers. Impressively, in 2020–2021, global Bitcoin mining used 173.42 Terawatt hours of electricity. That’s more than countries like…