Cryptocurrency Carbon Footprint at Breaking News

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Cryptocurrency Carbon Footprint, The carbon footprint of blockchain. Calculating the carbon footprint of cryptocurrency is more complicated. But the increasing popularity of cryptocurrency has environmentalists on edge, as the digital “mining” of it creates a massive carbon footprint due to the staggering amount of energy it requires.

Turning Carbon Into a Cash Crop—Nori and Granular Ag
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The crypto climate accord is another initiative, supported by 40 projects, with the goal of making blockchains run on 100 percent renewable energy by 2025 and having the entire cryptocurrency industry achieve net zero emissions by 2040. Most energy used to mine crypto already comes from renewable sources. Crypto firm polygon seeks to eliminate carbon footprint in 2022 founder says crypto should help earth ‘rather than destroy it’ industry’s.

Turning Carbon Into a Cash Crop—Nori and Granular Ag from Nice Breaking News

If you listen to the naysayers it’s clear that cryptocurrency is going to single handedly destroy the planet within a few short years. Cryptocurrency has become a boogeyman in conservation circles, but a growing corner of the industry is claiming to have a solution to the climate crisis: In just one year—between july 2020 and june 2021—the global adoption of cryptocurrency surged by more than 880 percent. Does cryptocurrency have a carbon footprint problem? Bitcoin, the biggest in the cryptocurrency world, costs some $40,000 to buy one unit, putting its market value at close to $750 billion (at the time of publication).