How do cryptocurrencies – which don’t exist in physical form – have a carbon footprint? Why does Bitcoin use so much electricity?
Are there any benefits?
As the Australian Government considers regulating, Dr Sophie Calabretto talks to Cosmos Magazine journalist Petra Stock to find out the answers to a few of your cryptocurrency questions.
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More on digital and crypto currencies:
Defending no man’s land: New report outlines policy options to tackle cryptocurrency risks
Bitcoin boom has huge carbon footprint
Originally published by Cosmos as Is Bitcoin destroying the planet? And how do cryptocurrencies work?
Dr Sophie Calabretto is a mathematician specialising in fluid mechanics. She is Honorary Senior Lecturer at Macquarie University and Honorary Associate Professor, at the ACE Research Group, University of Leicester.
Petra Stock has a degree in environmental engineering and a Masters in Journalism from University of Melbourne. She has previously worked as a climate and energy analyst.
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