Bitcoin vs. Gold: Which Hurts the Environment More?

Image by Pete Linforth from Pixabay

If the market price of bitcoin doesn’t make your jaw drop, its energy expenditure will. Bitcoin consumes an astounding 1 percent of the global energy supply. But before you dim the screen on your laptop to keep the oceans from boiling away, let’s put this number into perspective.

Bitcoin’s environmental impact is dramatically less than the traditional “currency of choice” for…