how does cryptocurrency harm the environment

Environmental Concerns with Cryptocurrency: Facts and Solutions

Byitrecycle

The rise of cryptocurrency, especially Bitcoin, has changed finance but led to environmental issues. Mining for cryptocurrency secures blockchain networks. This process used a whopping 95.5 TWh of electricity in 2022. It made up about 0.4% of global electricity use. The energy needed for this has serious environmental impacts, including the 65 million tonnes of…

does crypto hurt the environment

Does Crypto Hurt the Environment? A Detailed Look

Byitrecycle

Cryptocurrency has changed the way we think about money. But, it also has a big cryptocurrency environmental impact. The process of crypto mining is very energy hungry. This raises worries about harm to our planet. In fact, the crypto mining industry uses nearly as much electricity as the world’s banks combined. This is shocking. For…