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…
The rising popularity of cryptocurrencies like Bitcoin has sparked major debates on their environmental impact. The excitement they generate is likened to a modern gold rush. But this comes with hidden, serious ecological costs. Research by the United Nations reveals striking data. It showed that between 2020 and 2021, 76 countries involved in Bitcoin mining…
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…
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