Digital money has developed at a very rapid pace in the last decade. Cryptocurrencies have become a popular investment method, trade, or payment system with many people using it. Although there are numerous advantages to this new technology, there are serious environmental challenges as well. Challenges involving crypto mining, which involves validating and appending transactions to the blockchain, are one of the largest.
Mining keeps the machine safe and operational, but it consumes enormous amounts of energy. This consumption of large amounts of energy directly affects the environment. In this blog, we will examine the environmental impact of crypto mining in simple terms.