The debate can’t be answered with a simple yes or no. It largely depends on the electricity mix. Mining with coal is significantly more harmful than mining with hydropower or solar. Criticism is justified when fossil fuels are used. Blanket statements in either direction oversimplify the situation.
Burak Aras
Burak has been involved in all aspects of finance, economics and IT since the age of 18 and writes as a freelance author for Bitcoin2Go and the German edition of Forbes Advisors, among others.