Crypto Mining Vs Environment: Why Environmentalists Think Crypto Mining Is Peaceful For The Environment

Image collect Pixabay

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How are you all? I hope everyone is doing well,
Today I will talk about a very important topic,
We all know that you can earn a lot of money by mining crypto, but still why is crypto mining banned in different countries of the world,

Today we will try to find out how crypto mining is very harmful to the environment, only due to environmental problems, although crypto transactions are legal in different countries of the world, mining is banned,
So let's know how it harms the environment,

Image collect Pixabay

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Before that, let's know what is crypto mining? How it works,
Crypto mining is a process in which computers solve complex mathematical problems to create new coins and verify transactions,
This process usually keeps the blockchain network secure and efficient,

Usually, mining requires powerful computing devices and a lot of electricity,

Bitcoin mining consumes a lot of electricity all over the world,
We can find out how much electricity it can consume from a news report in 2023,
In 2023, Bitcoin mining consumed 117 terawatts of electricity,
which is equal to the annual electricity consumption of countries like Argentina or the Netherlands,
Usually, we all know that most electricity is generated by burning coal and it is very harmful to the environment because it produces a lot of carbon dioxide,
And this is mainly why various environmentalists think that Bitcoin mining is a waste, so they decided to ban Bitcoin mining,

and Usually in the case of Bitcoin mining, miners mainly use a mining machine called ASIC miner,
and after using this machine for a few days, it becomes old and has to be changed,
the old machine has to be thrown away and as a result a lot of e-waste is created,
and this is a threat to the environment!

Image collect Pixabay

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And we all know that in almost all countries, due to the high demand for electricity, those countries have to suffer from problems like load shedding,
and so the government thinks that it is a waste, that is why they ban this Bitcoin mining or the whole Crypto mining,

So I hope everyone could understand how Bitcoin mining is a threat to the environment, I shared it today, so I am ending here, everyone be well, Allah-Hafez