Cryptocurrency is not environmentally friendly — nor is it sustainable. This headline in the Guardian sums it up.
Electricity needed to mine bitcoin is more than used by 'entire countries'
It's not just the value of bitcoin that has soared in the last year - so has the huge amount of energy it consumes.
To quote, “Bitcoin mining — the process in which a bitcoin is awarded to a computer that solves a complex series of algorithms — is a deeply energy-intensive process. The amount of electricity used to mine bitcoin “has historically been more than [electricity used by] entire…