CRYPTO CURRENCY

IS CRYPTO BAD FOR THE ENVIORNMENT ?

 VIVEK JAIN

THE IMPACT OF CRYPTO ON THE NATURE HAS ALSO BEEN IN DISCUSSION AMONG THE PEOPLE WHO ARE AGAINST THEM SO TODAY WE WILL LOOK IF CRYPTO HAVE A BAD EFFECT ON OUR ENVIORNMENT.

Over the past 10 years, the demand for cryptocurrencies has skyrocketed like very few other trade commodities.

Over the past 10 years, the demand for cryptocurrencies has skyrocketed like very few other trade commodities.

SO DID THE NUMBER OF POWERFUL GPU DEVICES WHICH RUNS ON ELECTRICITY WHICH MOSTLY COMES FROM FOSSIL FUELS. 

VIVEK JAIN

VIVEK JAIN

1.

Cryptocurrency’s main environmental impact comes from the energy-intensive activities used for each transaction and for “mining” new coins.

VIVEK JAIN

It is estimated that each Bitcoin transaction uses around 2100 kilowatt hours (kWh), which is roughly what an average US household consumes in 75 days.

It is estimated that each Bitcoin transaction uses around 2100 kilowatt hours (kWh), which is roughly what an average US household consumes in 75 days.

VIVEK JAIN

Bitcoin’s annual carbon footprint is comparable to the release of 97.2 megatonnes of carbon dioxide - roughly the annual emissions of the whole country of Argentina.

VIVEK JAIN

HOW TO REDUCE THE ENVIRONMENTAL IMPACT OF BITCOIN MINING?

HOW TO REDUCE THE ENVIRONMENTAL IMPACT OF BITCOIN MINING?

Not all bitcoin miners have the same environmental impact. Two factors can contribute to a greener cryptocurrency mining: renewable energy sources and location climate.

VIVEK JAIN

RENEWABLE AND NON RENEWABLE SOURCES AND LOCATION CLIMATE.

VIVEK JAIN

Bitcoin farms located in countries that rely heavily on fossil fuels have a higher environmental impact than those in countries that diversify their energy sources using hydropower, wind, solar or nuclear energies.

Bitcoin farms located in countries that rely heavily on fossil fuels have a higher environmental impact than those in countries that diversify their energy sources using hydropower, wind, solar or nuclear energies.

VIVEK JAIN

some of the exhanges are

some of the exhanges are

1. coinbase 2.crypto.com 3.BINANCE 4.blockfi 5.coindcx (for indians)

IF YOU WANNA START INVESTING IN CRYPTO YOU CAN CLICK DOWN BELOW

IF YOU WANNA START INVESTING IN CRYPTO YOU CAN CLICK DOWN BELOW

check more crypto related stories down below

check more crypto related stories down below