And while it seemed like it would take a couple of years to convince the global population, the pandemic proved to be one of the most significant crypto driving factors.
As of February 2022, Bitcoin’s carbon footprint globally accounts for 0.19%, which is just about what Czech emits as an entire country.
The Bitcoin mining carbon footprint has been steadily rising, and China’s current ban on crypto use only fueled it further.
The ban resulted in a mass exodus of miners from China to the US, Russia, and Kazakhstan, where the negative impact is higher.
A Costa Rican hydropower plant recently converted into a green Bitcoin mining plant.