Bitcoin
Cryptocurrencies are here to stay, but until they address their astronomical ecological footprint, they don’t deserve our support. According to a U.S. Environmental Protection Agency researcher, bitcoin mining produces 15 times more carbon than mining an equivalent amount of gold (in dollar value terms). In fact, Bitcoin consumes more energy than the whole of the Netherlands, and as much as all the datacentres in the world combined. And now research from economists at the Dutch central bank and MIT has found that every Bitcoin transaction also generates the equivalent of two iPhones in electronic waste. Secure, yes. Sustainable, no.
— Wayne Visser
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From Purpose Inspired: Reflections on Conscious Living, Volume 5. Buy on Lulu ↗