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Are we misguided about Bitcoin mining's environmental impacts? Slush Pool's CMO Kristian Csepcsar explains

Published 02/14/2022, 02:15 PM
Updated 02/14/2022, 04:00 PM

It's a controversial topic in the blockchain community that comes up from time to time — just how much impact Bitcoin (BTC) mining has on the environment. Last year, Tesla (NASDAQ:TSLA)'s CEO Elon Musk brought forth a sharp correction in the cryptocurrency market by tweeting that Tesla would abandon plans to accept BTC, citing "rapidly increasing use of fossil fuels for Bitcoin mining and transactions." However, a recent report published by CoinShares notes that despite the widespread use of coal, oil and gas for Bitcoin mining, the network accounts for less than 0.08% of the world's CO2 production.

During an exclusive interview with Cointelegraph, Kristian Csepcsar, chief marketing officer at Slush Pool (NASDAQ:POOL), the oldest Bitcoin mining pool, gave insight on what he believes are current misconceptions regarding Bitcoin mining's environmental impact. When asked about the drawbacks of using electricity derived from oil and gas mine Bitcoin, Csepcsar says there are more than meets the eye:

Continue Reading on Coin Telegraph

Latest comments

It uses less energy to produce than Gold Mining or Paper Currency. It also saves millions from human rights violations or outright ******** Greatest human invention to date.
bitcoin is horrendous food the environment. but the powers that be don't give a flip about the environment. they care about tyranical control. they could stop pollution overnight if they really wanted too. e little guy has basically no impact comparatively
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