Simone Brunozzi

Feb 8, 2021

6 min read

Bitcoin and pollution — the definitive answer

Someone is wrong on the internet (source)

The problem

Does Bitcoin pollute?

Yes but… Is that mostly renewable energy?

Is the VISA network way more efficient than Bitcoin?

  • VISA handles US$30B/day
  • Mastercard handles US$11B/day
  • Bitcoin handles US$10B/day

Bitcoin is still mostly a store of value

Bitcoin vs Gold in terms of pollution

mining gold is ~50 times more expensive than mining bitcoins

Bitcoin pollutes far, far less than gold.

The end of pollution: From Proof-of-Work (PoW) to Proof-of-Stake (PoS)