While cryptocurrency market has been growing popular over the last few years, bitcoin is still the most popular coin in this decentralized currency. This digital or virtual system works like a decentralized currency controlled by the supply and demand of each coin.

According to Cambridge Bitcoin Electricity Consumption Index, Bitcoin now represents a real environmental risk due to its high demand.

What's The Environmental Impact of Bitcoin?

Even when those cryptocurrencies are not physical assets that will end in our trashcans, their processes require a surprising amount of energy. Last year, the electric consumption of Bitcoin was 133.68 TWh, and this number is terrifying since Argentina consumes an average of 126TWh per year.

The "Bitcoin mining" process is what takes most of the computing power, the required energy comes from burning fossil fuels, but the problem has grown since bitcoin became the king of all crypto because now there are thousands of users mining their digital coins.

Mining Your Bitcoins?

You will need a good internet connection and a computer to mine your bitcoins, plus a tremendous amount of energy that releases greenhouse gases into the atmosphere.

After all, if you still consider bitcoin as fake money, then the amount of wasted energy is proving you wrong. On the other hand, green companies like GreenTek Solutions work hard every day to minimize the negative impact caused by discarded electronics.