How bitcoin mining affects climate change
How bitcoin mining affects climate change share Bitcoin’s value reached an all-time high of over $58,000 on February 21, following Tesla’s acquisition of $1.5 billion of the cryptocurrency. Despite Bitcoin’s growth, many are concerned about the effects cryptocurrency has on the environment. Bitcoin is extremely energy consuming, with the carbon footprint of a single bitcoin transaction totaling the same as 685,656 Visa transactions, according to a report by Digiconomist. When you buy an item from a store, a bank must verify that transaction and record in its ledger that the money w...
Source: psuvanguard.com