“With the world going green, we explore the high cost of crypto mining and if it is sustainable in the long-term.
It is no secret that the world runs on energy and for the last few years, there has been a conscious effort all over the globe to make sure that the energy being used is cleaner and more efficient. This can be seen in the fact that the UK has, for the first time in 100 years, used absolutely no coal in the generation of the energy and also the fact that many cities around the world have committed to running on a hundred percent renewable energy by certain years in the future.
This revolution has been sparked by the information that is now readily available about global warming, deforestation, pollution and the fact that the earth might be uninhabitable in the next few decades if there is not a significant change in the way we generate and consume energy.
With all the campaigns and publicity surrounding going green and energy efficiency has gotten, crypto users are forced to wonder about whether cryptocurrency will have a future in the energy-efficient world that we are looking towards, considering how energy-intensive crypto as a concept is…”