Industrial fans cool illuminated mining rigs at the CryptoUniverse cryptocurrency mining farm in Nadvoitsy, Russia. Photo: Bloomberg
Industrial fans cool illuminated mining rigs at the CryptoUniverse cryptocurrency mining farm in Nadvoitsy, Russia. Photo: Bloomberg
Bitcoin

Letters | Why cryptocurrency is a doubly dirty asset

  • Cryptocurrency is popular because of its resistance to governance and monitoring, making it attractive to illegal actors
  • It also has a massive impact on the environment. It is estimated that bitcoin consumes nearly as much electricity per year as the Netherlands

Industrial fans cool illuminated mining rigs at the CryptoUniverse cryptocurrency mining farm in Nadvoitsy, Russia. Photo: Bloomberg
Industrial fans cool illuminated mining rigs at the CryptoUniverse cryptocurrency mining farm in Nadvoitsy, Russia. Photo: Bloomberg
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