Reported 2 months ago
Cryptocurrency mining, particularly for Bitcoin, has raised concerns due to its significant energy consumption and environmental impact, resembling the energy usage of entire countries. This article discusses the reliance on fossil fuels in mining, contributing to greenhouse gas emissions and electronic waste. It highlights improvements in the industry, including the shift to renewable energy, more efficient mining hardware, and the adoption of Proof-of-Stake mechanisms that drastically reduce energy usage. With increasing focus on sustainability, the future of cryptocurrency appears promising as the sector moves towards greener practices.
Source: YAHOO