Experts raise the warning on the amazing side effect of the cryptocurrency mining: “Not a good idea”

In its early stages, the cryptocurrency was seen as a specialized concept, but it witnessed an increase in the prevailing popularity as more people realize the benefits of decentralized currencies.

But these digital currencies come with environmental effects in the real world, and energy experts and nature advocates began to alert about the damage it could cause.

What is cryptocurrency mining?

The cryptocurrency mining includes validation and adding transactions to the general professor’s notebook, or Blockchain, using strong computers that solve complex problems, which launch new cryptocurrencies to trading. This method is called proof of work (POW) because it requires machines to use a huge amount of processing power to verify Blockchane health and gain rewards from the network.

As well as non -profit organizations ClearerIt is basically a race between “millions of computing machines” to solve the problem first, as miners use machines faster than ever and more electricity to earn bonuses while increasing the encryption price.

Why is the task of mining cryptocurrency?

Computer devices needed for coding use huge amounts of energy. Current currency mining can use more energy than some countries – such as Argentina – consumes in one year, Professor Cornell Energy Systems FenGQI Ware said.

Although the industry began to operate mining facilities with renewable energy, the majority still depend on dirty fuel such as oil and gas, and they are major contributors to the planet of ridicule.

According to A report from the United Nations UniversityThe effect of carbon from bitcoin mining from 2020 to 2021 was equivalent to burning 84 billion pounds of coal or running 190 Natural gas Power stations. United Nations scientists said that 45 % of the generation of electricity for bitcoin mining operations came from coal Natural gas It represents 21 % of the network’s power supply.

Meanwhile, only 2 % and 5 % of the electricity needed to extract bitcoin from solar energy and wind energy came (although these numbers have been possible since 2021).

“If the power source, the power source, is not renewable – think about charcoal, think about it Natural gasThus – they come with carbon feet, come with the effects of the environment, and come with a climate result, and this is not a good idea, right? and [as] In fact, many of these activities are truly supported by uninterrupted sources. ”You He saidFor every wir.

Exponation of encryption negatively affects societies all over the world. For example, residents live near A. Bitcoin mining facility in Granbury, TexasA lawsuit was filed against the company, claiming that excessive noise caused permanent hearing loss, insomnia and other health problems. The residents of Memphis, Tennessee, expressed their concerns about how a The newly opened encryption mining facility It will affect their health and water supply in the city, as mining also requires huge amounts of water.

How the encryption industry has become more sustainable

Some encrypted currency platforms try to give the industry a more green reputation. Swiss company Vidroc Invested in carbon credits, and Lightchain ai Adhere to Green Crypto, who says it is achieved by adopting solar energy and wind and using artificial intelligence to reduce energy use.

The professor also believes that investors should be informed of the environmental effects of purchasing encrypted currencies.

“But I hope at some point when someone purchased the Bitcoin coin, they also see the carbon fingerprint associated with a certain bitcoin, and that is possible,” you He said.

If you want to invest in encrypted currencies, think about investing in more environmentally suitable currencies, such as ethereumOr Clean economy shares This benefits the planet.

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