What is the environmental impact of crypto-currencies?

The mining and trading of crypto-currencies such as Bitcoin require significant amounts of energy. This has resulted in a considerable environmental impact due to the high levels of greenhouse gas emissions generated from energy-intensive mining processes. Additionally, the disposal of electronic waste generated from constantly upgraded and discarded mining equipment has contributed to further environmental degradation. As the number of crypto-currency users and transactions continue to increase, the negative impact on the environment is expected to grow. Therefore, it is crucial for the crypto-industry to adopt sustainable practices and reduce their carbon footprint.

This mind map was published on 25 June 2023 and has been viewed 51 times.