Bitcoin was mined using electricity generated by the combustion of Associated Petroleum Gas (APG). It is a methane-rich byproduct of oil drilling that can flare up and be released into the atmosphere. Methane is a greenhouse gas with a global warming potential 28 to 36 times greater than CO2 .
Why cryptocurrency is bad for the environment?
Share
Related Questions
- How has recent economic data from China impacted market sentiment?
- What are the potential risks of the ongoing rally in Asian equity markets?
- How can traders analyze capital flow into the Hong Kong stock market?
- How do government policies impact Asian equity markets?
- Which Asian equity indices have seen significant growth recently?