Climate Change

The energy-intensive nature of cryptocurrency mining is a significant contributor to climate change. The mining process requires massive amounts of energy, which is often generated by burning fossil fuels. This leads to a range of negative environmental impacts, including:

• Greenhouse gas emissions: The burning of fossil fuels releases significant amounts of CO2, which contributes to global warming.
• Deforestation: The increased demand for energy can lead to deforestation, as forests are cleared to make way for mining facilities.
• water pollution: The cooling systems used in mining facilities can release water pollutants, such as heavy metals and chemicals, into waterways.