Cryptocurrencies: Just how much are they wrecking the environment?
Proponents say impact often exaggerated and highlight industry decarbonising efforts to mitigate the impact.
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CRYPTOCURRENCIES such as Bitcoin have grown significantly in popularity, but have also garnered much flack for the supposed damage they are inflicting on the environment. That impression comes from the fact that the mining of cryptocurrencies requires copious amounts of energy and generates hefty levels of electronic waste.
But is the allegation that this wreaks environmental havoc fair? And is the industry doing its share to preserve the planet?
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