According to a study, an average farmer fed around 26 people in the 60s. However, that figure is now close to 155. This shows how the world is changing at a rapid pace. Just imagine where the figure would be in the next 10 or 15 years. This brings us the question of sustainability.
However, sustainability is now the least of people’s priorities. As a result, it initiates a chain of events that could lead to chaos. This should lead us to discuss the relationship between crypto and sustainability. Even though crypto is profitable and has good ROI, it is not sustainable.
Crypto & Sustainability Ratio
Crypto as a landscape requires equipment, energy, global networking infrastructure, and the Internet. Therefore, it requires a power-intensive financial infrastructure that goes against the proponents of sustainability.
Even though there is no direct means to calculate the overall environmental impact. Still, some metrics can be followed. Like, for example, Cambridge Bitcoin Electricity Consumption or CBEC has found that BTC mining takes around 151 TWh of energy annually. This consists of 0.59% of total energy consumption.
Therefore, it is stiomated that this figure would gradually grow with time. Therefore, sustainability can become a challenge as the crypto community grows.
