does cryptocurrency harm the environment

How Cryptocurrency Harms the Environment: Key Facts and Solutions

Byitrecycle

Cryptocurrency marks a major step forward in our digital age. Yet, it raises serious environmental issues. The process of creating Bitcoin, known as mining, uses tons of electricity—more than whole countries. This huge need for power, mostly coming from non-renewable sources, pumps a lot of carbon dioxide into our atmosphere. This contributes to the ongoing…

effects of cryptocurrency on environment

The Effects of Cryptocurrency on the Environment: A Comprehensive Study

Byitrecycle

The world is getting more into digital currencies, and people are looking at how they affect our environment. Bitcoin mining, especially, uses a lot of electricity. It’s also causing a lot of CO2 emissions. Between 2020 and 2021, Bitcoin mining used up 173.42 Terawatt hours of electricity. It also released over 85.89 million tonnes of…