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Crypto’s Heavy Carbon Footprint

he increasing popularity of cryptocurrency has environmentalists on edge, as the digital “mining” of it creates a massive carbon footprint due to the staggering amount of energy it requires. Based on data from the Bitcoin Energy Consumption Indexfrom D…

he increasing popularity of cryptocurrency has environmentalists on edge, as the digital “mining” of it creates a massive carbon footprint due to the staggering amount of energy it requires. Based on data from the Bitcoin Energy Consumption Indexfrom Digiconomist, an online tool created by data scientist Alex de Vries, the carbon footprint of Bitcoin, the world’s largest cryptocurrency, is equivalent to that of New Zealand, with both emitting nearly 37 megatons of carbon dioxide into the atmosphere every year. More

The post Crypto’s Heavy Carbon Footprint appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Robin Scher.


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