Cryptocurrency has a substantial carbon footprint. Ethereum have taken steps to address this, but will others follow suit?
Articles on Crypto mining
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Bitcoin has lost over half of its value since November 2021.
Proof of Work mining is inherently wasteful, but don’t expect a switch any time soon.
Jurisdictions have long contended with the threat cryptocurrencies pose to central banks’ power over monetary policy.
Some alternative cryptocurrencies, called ‘altcoins’, demand far less electrical power than bitcoin.
Chinese bitcoin mining could consume as much energy as the whole of the UK by 2024.
There’s no magic fix in sight for the amount of energy gobbled by cryptocurrency miners – but at least the method used is relatively secure.
Top contributors
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Assistant Professor - Geography and Development, Northumbria University, Newcastle
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Lead in Cryptocurrency and Blockchain, Cambridge Centre for Alternative Finance, Cambridge Judge Business School
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Professor of Technology Management and Circular Economy, Kingston University
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Researcher, RMIT Blockchain Innovation Hub / Centre for Automated Decision Making & Society / Digital Ethnography Research Centre, RMIT University
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Associate Professor, Supply Chain Analytics, University of Bradford