How does cryptocurrency hurt the environment

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We also reference original research. Investopedia requires writers to use primary sources to support their. Substituting PoS for PoW is reduce emissions, keep electricity costs pollution, impact on water sources, is the infrastructure of the of the impact and how.

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The Environmental Impact of Cryptocurrency
Cryptocurrency is terrible for the environment. And a crypto crash could have a positive impact on greenhouse gas emissions and the future. Cryptocurrency mining is an extremely energy-intensive process that threatens the ability of governments across the globe to reduce our. (A recent study found that the associated electricity consumption could �potentially undermine� China's efforts to curb its carbon emissions.).

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Keep reading to learn more about cryptocurrency's impact on the environment. Read our warranty and liability disclaimer for more info. Cryptocurrency is a virtual currency touted as a way to remove all of the costs incurred between money users and suppliers and put its control into the hands of the people. The design of proof-of-work cryptocurrency mining incentivizes miners to ramp up operations as quickly as possible, often irrespective of the source of energy. Instead, they should encourage us to invest in regulatory interventions and technological advancements that improve the efficiency of the global financial system without harming the environment.