Is Bitcoin Bad for the Environment? Let’s Break It Down
Bitcoin mining uses a lot of energy, but here’s the flip side:
- Over 75% of Bitcoin mining now uses renewable energy sources like hydro, wind, and solar.
- Bitcoin’s energy consumption is often compared to traditional banking, which uses far more energy when you include ATMs, branches, and data centers.
Fun Fact: Some Bitcoin miners use flared natural gas (a byproduct of oil drilling) that would otherwise go to waste.
What’s your take on Bitcoin’s energy use? Let’s discuss!
