June 15, 2019
I have blogged about bitcoin and cryptocurrencies in the past (be my guest, but my investment advice is: stay away).
Now there’s another reason to avoid them. They wreak havoc on the climate.
According to this article in the Associated Press, a study by researchers at MIT and the Technical University of Munich has pegged the environmental impact of the bitcoin network — thanks to the computers generating the cryptocurrency and processing transactions — at 22 to 22.9 million tons of CO2 per year.
That’s roughly equal to the emissions of a city like Hamburg or Las Vegas. Or the country of Sri Lanka.
For what is, essentially, a mirage.