What are the environmental impacts of cryptocurrency mining?

By and large, the environmental impacts of cryptocurrency mining have an effect on energy consumption. Data centers pull a lot of power to keep the machines running. Plus, they also have to keep these systems cool, which requires air conditioning in nearly all cases.

How does cryptocurrency mining work?

Cryptocurrency mining is a competitive process: as the value of the block reward increases, the incentives to start mining also go up. Higher cryptocurrency prices mean more energy being consumed by crypto networks. The energy intensity of crypto mining is a feature, not a bug.

Is cryptocurrency mining unsustainable?

But unlike the mining industry, the cryptocurrency industry may start changing the way it operates. Here's what you need to know about why cryptocurrency mining is unsustainable and the new developments that might change that.

Is crypto leaving an environmental footprint in Australia?

Australians are becoming more conscious of the environmental impact of their finances, so if you’re thinking of putting your money into crypto you should consider the footprint that crypto might be leaving. The environmental impact of cryptocurrency is a product of how much electricity is used in the production process, or mining.