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Bitcoin’s impact on nature turns out to be much greater than previously thought

One of the main defenses since cryptocurrencies were first introduced has been that using Bitcoin was environmentally friendly and had a positive impact on the climate. According to recent studies, Bitcoin mining, gold mining, oil extraction It is on the same level as sectors that are harmful to the climate, such as animal husbandry and animal husbandry.

Scientific Reports According to a study in the journal cryptocurrency mining is not becoming more sustainable. In the opposite direction, it even poses major environmental problems.

It’s getting expensive because of Bitcoin’s lining

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Professor of researchers Benjamin Jones, announced in its press release that there is no information that Bitcoin mining has become more sustainable over time. Jones, in his statement “On the contrary, our results claim the opposite: Bitcoin mining is becoming more and more polluted and more damaging to the climate over time.” used his statements. like that Bitcoin miningIt can be as devastating as oil extraction and red meat farming, the sectors with the most negative impact on the environment.

According to the researchers’ statements, Bitcoin mining caused the damage to the environment for a period between 2016-2021. not enough to meet resulted in low income. Cryptocurrency markets were very vulnerable during this period. In addition, the amount of electricity required for Bitcoin transactions increased 126 times per coin.

However, these findings do not necessarily mean that cryptocurrencies are bad for the environment. Ethereum, for example, has recently been more environmentally friendly than a proof-of-work system. to the proof-of-stake system has passed. Bitcoin could offer a similar solution.

Source: Web Tekno

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