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Is it possible for crypto to go green? Big companies like GreenHashes are trying

One of the main controversial aspects of the emergence of cryptocurrencies is their negative impact on the environment. Today, many conservationists, activists, and even politicians believe that it is impossible to derive any environmental benefit from cryptocurrencies. In addition, digital money is causing irreparable damage to our planet. Can you change that?

The main threat to our environment is not the cryptocurrency itself, but the method of its production is mining, in which special devices (ASIC processor or video card) try to solve a complex calculation problem and get a unique “code”. This “code” helps close the “block” or list of all transactions on the cryptocurrency network. For finding the key to the block, Hermelin receives a reward in the form of a cryptocurrency.

Many resources are involved in the production of cryptocurrencies, most notably electricity. The more cryptocurrencies are mined and the higher the price of a crypto asset becomes, the more difficult it is to mine cryptocurrencies. Therefore, the complexity of mining is constantly growing. The amount of electricity used to produce cryptocurrency is also increasing. And right now, the scale of the mining is amazing. Almost 1% of all electricity consumption on our planet comes from BTC mining.

Industrial mining can pollute the environment with high power consumption, which releases heat and carbon dioxide. This may lead to global warming and climate change on the planet in the future. To determine the amount of damage, each case must be considered separately. For example, Iceland is one of the largest mining centers. It’s pretty cold there and electricity is produced in an environmentally friendly way – with the help of hydroelectric power and geothermal plants. Therefore, it can be said that in this region the environment does not suffer from mining. At the same time, mining in China with its unfavorable environment only makes the situation worse. That’s why China banned this kind of activity last year.

It turns out that cryptocurrencies are dangerous for humanity and should we abandon them? Not really! There are alternative ways to mine cryptocurrency that do not harm the environment in any way. Many of them are not used now. But in the future, with advances in technology, we will not find it difficult to “mine” cryptocurrencies safely. To prove this, it suffices to note one simple thing. Already today we can observe the first real examples of bitcoin mining on completely green, renewable energy!

The pioneers of ecological mining use the energy of the sun, wind and hydrogen. This energy is safe for the environment and economically beneficial for mining. “Digital Gold” will be an incentive to start using renewable energy sources worldwide and give a real impetus to the development of this industry.

Today you can see that the world has every chance to make cryptocurrencies completely eco-friendly soon. This is made possible by companies that switch to renewable energies and thus set an example for others. One of these representatives is the company GreenHashes: the guys do cloud mining with completely green electricity. Cloud mining allows anyone to rent part of the power of a large mining farm and mine cryptocurrencies.

GreenHashes miners are among the first to switch to ecological mining: take care of nature, allow everyone to become part of this ecosystem and start mining cryptocurrency. To start using the mining services of the future, just go to the GreenHashes website, get acquainted with the type of their services, choose a contract (they differ in the period of validity, the amount of performance and the referral bonus level) and pay him in bitcoin (making the system as safe and accessible as possible for everyone) and start accumulating cryptocurrency in your account. The platform is suitable for both beginners and professional investors.

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