Leading cryptocurrency Bitcoin (BTC) In fact, this year it came to the fore with environmental claims. It was also brought forward by BTC supporters such as Tesla CEO Elon Musk that Bitcoin mining causes serious damage to the environment, and China’s participation in this changed everything.
At What Rates Does Bitcoin Damage The Environment?
As part of the prohibition operation launched in 2021, China has either closed or exiled almost all of the Bitcoin and crypto currency miners in the country.
In the continuation of this, many miners went to other countries, while miners in the USA took initiatives for clean energy-based mining. However, when it comes to Bitcoin, it is still claimed that it harms the world.
According to a study by Forexsuggest, Bitcoin needs 435 kg of CO2 for a single transaction. Researchers emphasized that the most polluting crypto money in the world is Bitcoin, while the least polluting one is Stellar Lumens (XLM).
The research, based on information from Statista, Business Insider India, Laptop Mag, and other sources, looked at the carbon emissions of cryptocurrencies.
It is reported that Bitcoin produced 56.8 million tons of CO2 in 2021 alone, and Ethereum produced half of that. According to the researchers, approximately 284.1 million trees need to be planted to reset the environmental impacts of this. This can only neutralize the amount of gas produced.
It is emphasized that the most environmentally friendly cryptocurrency of 2021 was given to XLM. This could be positive for XLM in the long run.