Cryptocurrency’s impact on the environment is a big cause for concern. The process of “mining” cryptocurrency involves complex mathematical calculations that require substantial computational power, primarily from fossil fuel sources. Furthermore, the energy requirements of cryptocurrency mining have led to the emergence of large-scale mining operations, often located in regions where electricity is cheap and abundant. It’s worth noting that not all cryptocurrencies have the same environmental impact. CONTACTS: Bitcoin, bitcoin.org; Etheruem, https://ethereum.org; “Bitcoin climate impact greater than gold mining,” theguardian.com/technology/2022/sep/29/bitcoin-climate-impact-gold-mining-environmental-damage-cryptocurrency; Failing Crypto Could Be a Win for the Environment, news.climate.columbia.edu/2022/12/20/failing-crypto-could-be-a-win-for-the-environment.

Source: The Guardian May 30, 2023 08:05 UTC