Maybe it affects the environment in a good manner. In the search of cheap electricity, the miners may invest in clean and renewable energy sources such as solar panels and wind turbines.

This is the detriment of bitcoin mining and other altcoins that result from consuming a lot of power in the mining process. Now to solve this problem, I find that a lot of bitcoin mining farms use renewable energy sources to exploit it to reduce the amount of electricity that helps protect the environment, which is a good move. It should be widespread among miners to both profit and not harm the world environment.

Can be summed up in mineral resources (i.e., power generation using hardware and raw materials used), the circulation of social resources (such as packaging, waste, etc.), compared with the former to the destruction of the environment, the largest carbon dioxide emissions, will affect the local even the local climate and ecology.

The cost of mining money using cryptocurrencies is indeed very high. It is also a waste of resources. If we use renewable energy sources such as solar energy and wind energy, the impact on the environment may not be so great.

It affects the environment because bitcoin mining requires electricity, after bitcoin mining in Sichuan, China, because of its abundant power and low cost, but it has caused a lot of damage to the environment and has drawn the attention of the government, but we can improve our mining Technology, such as the use of renewable energy, green energy, economic development can not be at the expense of environmental damage...

I think mining should be done right where there is no electricity in some places. We use the cheaper price for mining and do the best we can, which is not wasteful. If no one uses it, Still have to use. And mining this industry is impossible to eliminate, as long as there are new coins appear, mining more than.

A large chunk of bitcoin mining is done in Northern China, in Inner Mongolia. People in that region built huge hydroelectric plants to fuel huge cities. but after the financial crisis, the cities were ghost towns with no-one living in them. Meanwhile they were generating huge quantities of electricity which was then wasted. Some miners made deals to buy this electricity at a discount.

There is no cost to the environment because those plants were already generating electricity and wasting it.

The sheer amount of computing power and energy required to run the bitcoin economy means that the surging prices could literally be damaging our planet, experts have warned. And as the price of the cryptocurrency surges, that problem is likely to get worse. But that same computing power requires electricity to power it. And as the value of bitcoin surges, more and more people are looking to do that – directly contributing to huge amounts of demand for fossil fuels. As bitcoin grows, the calculations required of bitcoin mining machines get more complicated, so that they take longer to solve. That is intended as a protection on the amount of bitcoin in the world – but also means that the power demanded by computers is growing all the time.

Of course mining Bitcoin affects to the environment that why there are a lot of ICO projects related to green energy, they want to improve environment condition and provide green energy to the social but for now it's still not enough to provide to everyone all over the world. Beside to set up a green energy source is really expensive so it's still a really big problem that we need to care about