cryptocurrency effect on environment

Effects of Cryptocurrency on the Environment: What We Know

Byitrecycle

The rise of cryptocurrency has made it a key player in global finance. This boom has brought a lot of investment from people and companies. However, the impact on our environment, especially from Bitcoin mining, is a big concern. Bitcoin’s energy use is huge. In 2020-2021, it used about 173.42 Terawatt hours (TWh). This makes…

crypto effects on environment

Effects of Cryptocurrency on the Environment: A Comprehensive Study

Byitrecycle

In recent years, the growth of cryptocurrency has sparked excitement and worry. It reminds us of the gold rushes in history but brings up key environmental issues. One of the biggest concerns is the energy used in Bitcoin mining. This issue has caught many people’s attention because of the high energy figures involved. In 2020…