GeekWare - Daniel Pecos Martínez

Climate Change

Cryptocurrencies and Climate Change

Cryptocurrencies and Climate Change

Bitcoin (and many more) cryptocurrency prices have been sky rocketing for the lasts weeks/months, and thus their usage and mining. But have we stop thinking how this impacts the Climate Change? Before jumping into graphs, a quick recap on how cryptocurrencies work: when you buy or sell Bitcoins (for example), your transaction is being recorded into a distributed ledger. This distributed ledger is cryptographically secured against tampering, meaning that once anything is written into it, there is no way of changing nor removing it. But that ledger needs to reside and be supported by a platform. This platform is what the miners provide, and the computation power they contribute with is what enables the distributed ledger.