joahimmrykag
@joahimmrykag
Cryptocurrency mining’s environmental footprint and market volatility cloud its long-term investment return prospects. Bitcoin mining emits 65 megatons of CO2 annually, comparable to Greece, with 92% of some U.S. mines’ power from fossil fuels. Rising energy costs, particularly in Europe (e.g., UK, Germany), make mining 5x more expensive than Bitcoin’s value, while Asia’s low-cost energy yields high returns.
0 reply
0 recast
0 reaction