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Crypto is going mainstream — can it go green as well?

  • Crypto use is booming.
  • But its effects on the environment raise concern.
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Crypto is going mainstream — can it go green as well?

Crypto may be on its way to going mainstream, but there are still a ton of questions about how its use will impact the environment.

At the moment, Bitcoin alone is using 0.58% of the planet’s electricity — more than all of Argentina combined. Mining of this cryptocurrency produces 36.95 megatons of carbon dioxide annually. In 30 years, Bitcoin on its own could raise global temperatures by 2 degrees Celsius, or 35.6 degrees Fahrenheit.

Another thing to mention is e-waste. When mining machines are replaced with newer models, the older ones are pretty much abandoned. And because they can’t be recycled, they create damage instead.


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