is crypto good for the environment

Can Cryptocurrency Be Good for the Environment? Opportunities and Innovations

Byitrecycle

Digital assets like Bitcoin and Ethereum have become key players in the global economy. Their impact on environmental sustainability is now under the spotlight. Cryptocurrency mining uses a lot of energy. For example, Bitcoin needs about 151 terawatt-hours (TWh) of electricity every year. This is nearly 0.59% of the electricity used worldwide. Such activities produce…

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…