cryptocurrency mining effect on environment

How Does Cryptocurrency Mining Affect the Environment?

Byitrecycle

As cryptocurrency values soar, the environmental toll of mining comes under scrutiny. Bitcoin mining, for example, uses huge amounts of energy. This has major effects on climate change and sustainability. United Nations scientists reveal Bitcoin uses more energy than some nations. This raises concerns about its carbon footprint. Professor Kaveh Madani points out that, despite…

crypto mining environment

The Environmental Costs of Crypto Mining: What Can Be Done?

Byitrecycle

The expansion of cryptocurrency brings a troubling environmental impact. Bitcoin mining uses about 151 terawatt-hours (TWh) of electricity every year. This is roughly 0.59% of the world’s electricity. Such a large number makes us think about how sustainable cryptocurrency really is. It also shows the need to look closely at how crypto mining affects our…