Bitcoin could be as bad for the planet as beef

According to researchers at the University of New Mexico in Albuquerque, the climate impact of bitcoin mining is comparable to raising livestock or burning gasoline when viewed as a percentage of market value.

Cryptocurrency mining is energy intensive as it requires highly specialized computers and most of the electricity consumed is generated by burning fossil fuels that are warming the planet. The climate-related economic damage caused by the mining of the popular digital token Bitcoin exceeded its market value on 6.4% of the days it was traded between 2016 and 2021, the paper found in Scientific Reports on Thursday.

https://www.independent.ie/business/farming/forestry-enviro/environment/bitcoin-could-be-as-bad-for-the-planet-as-beef-42028972.html Bitcoin could be as bad for the planet as beef

Fry Electronics Team

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