Welcome to Finextra. We use cookies to help us to deliver our services. We’ll assume you’re ok with this, but you may change your preferences at our Cookie Centre.
Please read our Privacy Policy.
For Finextra’s free daily newsletter, breaking news and flashes and weekly job board.
Financial regulators have often called out the environmental impact of cryptocurrencies and now a new study from Forex Suggest reveals 431.6 million trees would need to be planted to offset bitcoin’s pollution over the last year.
Sponsored: [On-Demand Webinar] Data Modernisation: A key element of business transformation
For Finextra’s free daily newsletter, breaking news and flashes and weekly job board.
What stunning news…. though not surprising…. The most useful information is The most eco-friendly cryptocurrency available is Stellar, with just 0.0003 kWh per transaction. Stellar also costs less than a cent per transaction……..Is there a comparison chart that shows kWh per transaction for each major coin type – this should shame the polluters….. and users….. PS what user/corporate is ultimately paying cash for the power needed for these transactions????? We know that drowning Bangladeshi/Pakistanis and Ethiopian families dying from drought driven starvation are paying the human cost!!! ) This is a worthy target for the Woke Generation to get their teeth into!
How are crypto currencies advancing the Human Experiement (not talking about blockchain here) Seems their major use is criminal/scam/ponzi based?
Write a blog post about this story (membership required)
23 Jan
23 Jan
25 Jan
25 Jan
About Finextra
Community Rules
Register for news
Contact Us
Editorial
Sales
Sales
Register for news
Follow Us
© Finextra Research 2023
Terms of use
Privacy Policy
Cookie Centre
Cryptocurrency mining and trading devastating the planet – Finextra
Posted under Cibercommunity, Technology On By James Steward