Can Crypto Go Green? How to Invest in Eco-Friendly Cryptocurrencies

Posted on by American Coins & Gold

Can Crypto Go Green? How to Invest in Eco-Friendly Cryptocurrencies
By now almost everyone has heard people talk about how much energy mining bitcoin consumes. Just to power a single BTC transaction takes over 2,264 Kilowatt-hours (kWh) worth of electricity – enough to boil 1,500 kettles. But it’s not just bitcoin that has this problem. Other cryptocurrencies that also utilize the same proof of work (PoW) consensus mechanism face the same issue.As a growing number of investors place more value on companies that emphasize environmental, social and governance principles (ESG) – especially the environmental part – makers of cryptocurrency may soon have to answer the question: Is it possible for…