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Environmentalists Still Think Crypto Is Evil

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Live Bitcoin News

Thu, Nov 25, 2021

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They claim crypto is doing heavy damage to the environment, and they want to see all transactions and related activity die down permanently.

Jones recently authored a paper claiming that for every dollar created in BTC-based value, roughly 49 cents-worth of health and climate damage occurred in just the United States alone.

Even on those who do not use bitcoin or cryptocurrencies...

Patrick Drupp – the deputy legislative director of the Sierra Club – also threw his two cents in, explaining: It is beyond absurd that, as we speak and as the climate crisis only deepens, fossil fuel power plants are having their lives extended and even reopened to virtually ‘mine’ cryptocurrency.

At a time when financial regulators ought to be doing everything possible to help tackle the climate crisis, it’s clear that the status quo of letting bitcoin and other cryptocurrency miners pollute our climate and communities at an exponential rate is unsustainable, unwise and in need of urgent action.

In the past, other industry experts – such as Elon Musk and Kevin O’Leary – have also criticized bitcoin mining’s emissions

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