NCFAs innovation and funding ecosystem

The Carbon Footprint of Cryptocurrency

Smart Prosperity Institute | Podcast | Aug 18, 2021

Carbon footprint of crypto - The Carbon Footprint of Cryptocurrency

IN THIS EPISODE:

The carbon footprint of cryptocurrency
What do Sweden, Argentina, Norway, Belgium, Ukraine and Chile have in common? They all consume less electricity in one year than Bitcoin does. Yes, Bitcoin, the cryptocurrency that is shaking up the financial world, is a massive energy hog. In fact, Bitcoin “miners” have been responsible for bringing retired coal and natural gas plants back online in order to satisfy their energy needs.

Why is Bitcoin so dirty? Can cryptocurrencies go green?

Guest: Alex de Vries – Economist and founder of Digiconomist.net

See:  How blockchain and cryptocurrencies can help build a greener future

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NCFA Jan 2018 resize - The Carbon Footprint of Cryptocurrency The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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