While it is true that we cannot ignore the negative environmental impact associated with certain aspects of cryptocurrency, specifically the energy consumed in mining for certain cryptocurrencies, the main culprit is Bitcoin and, for the time being, Ethereum.
The significant negative impact of crypto mining has brought more attention to sustainability efforts in the industry. The issue has become more prevalent, especially with the development of the Paris Climate Agreement.
The complex world of cryptocurrency is unsustainable, but some crypto firms are trying to change that. Thankfully, environmentally friendly cryptocurrency is on the rise. Companies including Cardano and Chia are helping the industry achieve sustainability. The world of cryptocurrency can be complex and a bit mysterious to the average person.
Climate and Energy Implications of Crypto-Assets - The White House www whitehouse gov/wp-content/uploads/2022/09/09-2022-Crypto-Assets-and-Climate-Report pdf 8 sept 2022 Crypto-Assets Result in Greenhouse Gas Emissions and Other Environmental Impacts 21 Crypto-Asset Mining Using Grid Electricity
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Bitcoin Mining's Energy Consumption and Global Carbon Dioxide www amf ae/sites/default/files/publications/2022-06/Bitcoin 20Minings 20Energy 20Consumption 20final pdf environmental impact of cryptocurrency mining which may have a miners should take the environmental impact side of mining's carbon footprint seriously
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