Bitcoin Mining Might Be As Grave As Oil Drilling For Earth
Bitcoin has come a long way since its inception in 2008, becoming the most popular and valued cryptocurrency of all time. But with time, its inefficiencies were also exposed -- lack of consumer protection leading to money laundering and black market trading.
Mining Bitcoins could be worse than extracting gold and is as bad as industries related to cattle farming and crude oil. At least that’s what the latest study published in the journal Scientific Reports suggests. The research comes from the University of New Mexico challenging the claims that crypto mining is becoming more sustainable.This process involves high computing prowess, and cracking the equation first means getting rewarded with a Bitcoin. As the blockchain grows, the calculations get more complex.
Source
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