Crypto energy usage has barely dropped, even with market crashes

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Despite the hopes of many, it looks like the current downturn in cryptocurrencies hasn’t been enough to put a significant dent in the current environmental impacts of mining and using these digital currencies.

The Guardian asked Alex de Vries who’s a data scientist at the Dutch central bank and the founder of Digiconomist, a service which tracks the sustainability of cryptocurrencies, about the current climate. Given the energy required to mine these coins is often dictated by their market worth, there was the chance that the environment might be getting a bit of a break with the current crypto crash some coins are experiencing. However, De Vries explains why that’s not the case, at least not yet. 



Read More: Crypto energy usage has barely dropped, even with market crashes

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