How does bitcoin affect the environment

It is estimated that each Bitcoin transaction uses around 2100 kilowatt hours (kWh), which is roughly what an average US household consumes in 75 days. When this energy is supplied from non-renewable energy sources, cryptocurrencies like Bitcoin can generate exorbitant greenhouse gas emissions.

How does Bitcoin hurt the environment?

The environmental concern comes from the estimated carbon footprint generated by the power plants providing that energy. And it isn’t just mining that uses lots of power—a single Bitcoin transaction is estimated to burn 2,292.5 kilowatt hours of electricity, enough to power a typical US household for over 78 days.

Can Bitcoin ever be environmentally friendly?

Environmentalists agree that the “mining” of bitcoin uses a worrying amount of fossil fuels. However, there are alternative, eco-friendly cryptocurrencies that inflict less damage on the planet.

What is the greenest cryptocurrency?

Electroneum is the Greenest Crypto after Reducing Mining Energy Needs to Nearly Zero.