"Bank of America" warns of "Bitcoin" and reveals the great damage it causes to the environment
Bank of America estimated the amount of damage to the environment caused by the production or mining of "Bitcoin", the most popular digital currency in the world, which has been witnessing successive increases in recent times.
Bank of America, in a report on the world's most famous cryptocurrency, said that the carbon dioxide emissions resulting from investing every billion new dollars in the Bitcoin currency is roughly equivalent to the emissions caused by 1.2 million cars.
The American bank stated in the report that 60 million tons of carbon dioxide is exported to the outer shell from the Bitcoin mining (production) network, and that every billion dollars invested in Bitcoin leads to carbon dioxide emissions equivalent to the emissions it emits about 1.2 million cars with an internal combustion engine.
Before that, the founder of the American company "Microsoft", Bill Gates, warned of the impact of the "Bitcoin" mining process on the environment, and called for the use of environmentally friendly energy in mining.
The process of mining "Bitcoin" is very similar to the process of searching for gold, but in the case of "Bitcoin" currency is mined through the computer, which is the process of documenting transactions made by "Bitcoin" by other users, for which the individual working in the mining is rewarded. And get him an additional profit from that digital currency.
Source: Novosti
