how cryptocurrency is bad for the environment

Why Cryptocurrency Is Considered Harmful to the Environment

Byitrecycle

Bitcoin has become very popular, but it has a big effect on our planet. The technology behind it opens new doors for finance but we can’t ignore the cryptocurrency environmental impact. Experts from the United Nations have shown us the bad effects of mining cryptocurrencies. Most of all, they talk about the huge amount 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…