Bitcoin Is Red Hot. Can It Ever Be Green?
- Date: 13-May-2021
- Source: Washington Post
- Sector:Technology
- Country:Middle East
Bitcoin Is Red Hot. Can It Ever Be Green?
Can you love Bitcoin and the environment at the same time? The digital currency depends on so-called miners whose high-powered computers run day and night, soaking up electricity to perform the calculations used to verify transactions. Since almost two-thirds of mining takes place in China, where coal is the biggest source of electricity, that means more emissions. Supporters argue that Bitcoin’s carbon output is a drop in the global bucket, and that a switch to pollution-free power sources is a