Is Bitcoin Really That Bad For The Environment?

Posted on AllSides April 3rd, 2022
From The Center
Getty Images

In March, The New York Times declared to its readers that a “single bitcoin transaction now requires more than 2,000 kilowatt-hours of electricity, or enough energy to power the average American household for 73 days”.

The claim will have seemed credible to the vast majority of people who eye bitcoin with deep suspicion. It coincided with the launch of a lobbying campaign by Greenpeace, which directly linked bitcoin’s proof-of-work mining system to climate change. Around the same time, lawmakers in the European Parliament voted on a proposal to ban bitcoin’s...

Read full story


AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
See full bias rating for Forbes
Learn about media bias

More News about Environment from the Left, Center and Right

From the Left

From the Center

From the Right