The Environmental Impact Of Crypto In 2022 – 431 Million Trees Required To Offset Bitcoin
New research by Forex Suggest has looked at how much the environmental impact of the top crypto coins have increased or decreased since 2021 to reveal how crypto mining and trading are impacting the environment in 2022.
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The Environmental Impact Of Crypto In 2022
Rank Coin Energy Usedper Transaction
(kWh)
Transactions AnnualElectricity Usage
(kWh)
AnnualEmissions
(tons)
Trees Neededto Offset
Emmisions
1 Bitcoin 1,184 97,244,760 115,096,953,041 86,322,715 431,613,574 2 Litecoin 19 37,808,160 700,282,740 525,212 2,626,060 3 Bitcoin Cash 19 9,949,983 188,621,828 141,466 707,332 4 Polygon 90 1,896,492 171,029,442 128,272 641,360 5 Cardano 1 27,375,000 14,998,763 11,249 56,245 6 Ethereum 0 392,185,200 11,765,556 8,824 44,121 7 Ripple (XRP) 0 432,761,520 3,418,816 2,564 12,821 8 Dogecoin 0 11,806,084 1,416,730 1,063 5,313 Bitcoin ranks first on our list. With a projected 86.3 million tons of CO2 emissions for 2022, a huge 431.6 million trees would need to be planted in order for Bitcoin’s annual CO2 emissions to be removed from the atmosphere. Litecoin finds itself second on the list. The cryptocurrency is now estimated to produce 525.4 thousand tons of CO2 emissions per year, meaning that 2.6 million trees would need to be planted in order to counteract the pollution. Bitcoin Cash takes the third spot on the list. Despite a hugely significant drop since 2021, the cryptocurrency is still producing 141.4 thousand tons of CO2 emissions per year. This would require 707.3 thousand trees to be planted in order to offset the pollution.The data also reveals:
The cryptocurrency that increased its emissions the most from 2021 to 2022 is Cardano, with an increase of 112.73%. Cardano is on track to release 11,249 tons of CO2 emissions this year, which is an increase of 5,961 tons since the previous year. Ethereum has managed to massively decrease its annual CO2 emissions by nearly 100%. It has moved to a proof-of-stake blockchain, meaning that its gas fees have been reduced significantly and its network has been able to process transactions a lot faster. In 2021, Ethereum created a huge 21.95 million tons of CO2! This has now been decreased to just 8,824 tons. There would need to be 44,121 trees planted in order to offset its annual emissions. The most eco-friendly cryptocurrency available is Stellar, with just 0.0003 kWh per transaction. Stellar also costs less than a cent per transaction.Source valuewalk