What are the environmental impact of cryptocurrency mining?

Lens1000

VIP Contributor
It is crucial to evaluate the environmental impact of cryptocurrency mining because it has generated lot of debates in the past. The energy consumption and carbon emission that is associated with cryptocurrency mining as created a lot of environmental concerns. Particularly , bitcoin as sparked a lot of debate because of its carbon footprint

It is important to know that cryptocurrency mining rely on energy intensive proof of work consensus mechanism and these contributed to the greenhouse gas emission which can definitely result in a climate change. The adoption of eco-friendly cryptocurrency mining has made the mining of bitcoin very safe.
 
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