Bitcoin (BTC) has often drawn ire from environmental activists because of the amount of energy it takes up during its mining process. The software code that bitcoin uses, called “proof of work”, performs complex mathematical calculations to confirm a transaction on the network is the reason why it takes up so much energy. Data shows that Bitcoin mining burns up 91 terawatt-hours of electricity annually, which is more energy than a small country like Finland uses in an entire year. This is about the annual domestic electricity consumption of the entire nation of Sweden. According to Digiconomist, a single bitcoin transaction uses the same amount of power that the average American household consumes in a month, and is responsible for roughly a million times more carbon emissions than a single Visa transaction. With data like that, climate activists/ mainstream media often slam Bitcoiners for ignoring climate change. “Who Says Crypto Guys are Not Green”: CZ Taking a friendly cheek-in-turn remark over the whole “Bitcoiners are ruining the environment” narrative, Changpeng Zhao (CZ) the CEO of the world’s largest cryptocurrency exchange, Binance responded jokingly on who says “crypto guys are not going green” with a laughing emoji. And yet they say crypto guys are not green… 😆 — CZ 🔶 Binance (@cz_binance) April 15, 2022 His comments came under a poll conducted by Ethereum co-founder Vitalik Buterin who asked his followers that in...
