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Leaders from across the globe will meet soon to accelerate one that some predict will.
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| How does bitcoin mining affect the environment | The solution, Greenpeace argues, is simple: change the computer code that produces bitcoin in order to consume less electricity and reduce its carbon footprint. There is no direct way to calculate how much energy is used for Bitcoin and cryptocurrency mining, but the figure can be estimated from the network's hashrate and the consumption by commercially-available mining rigs. These local impacts can exacerbate environmental justice issues for neighboring communities, which are often already burdened with other pollutants, heat, traffic, or noise. On the other side, members of the crypto community argue that crypto mining is actually good for the environment in several crucial ways. Journal of Cleaner Production. Coinshares, a cryptocurrency asset management firm, claims that |
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