Daily Active Bitcoin Addresses Hit Yearly Peak, Cross 1M as BTC

Daily active addresses on the Bitcoin network have recently hit a new yearly peak above the 1 million mark

Sara Ali

Jan 27,2020 at 6:00am

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While Bitcoin mining has come under considerable scrutiny for its environmental impact, it's essential to avoid exaggerating its hazards beyond those posed by traditional solid mineral extraction, such as gold mining. Here's why:

Scale and Visibility:

Bitcoin mining's environmental impact often garners attention due to its visibility in the digital asset space. However, the scale of gold mining operations globally is vast, often involving massive open-pit mines and extensive chemical processing. While Bitcoin mining's energy consumption is notable, the widespread and visible effects of gold mining on landscapes and ecosystems cannot be underestimated compared to Bitcoin’s.

Historical Context:

Gold mining has a long history of environmental degradation, spanning centuries and leaving lasting scars on landscapes and communities. In comparison, Bitcoin mining is a relatively nascent industry, and its environmental challenges are still evolving. While it's crucial to address the environmental impact of Bitcoin mining, it's equally important to contextualize it within the broader history and scale of resource extraction.

Innovation and Mitigation Efforts:

Both Bitcoin and gold mining industries are exploring innovations and mitigation strategies to reduce their environmental footprints. From the adoption of renewable energy sources in Bitcoin mining operations to the development of more sustainable mining practices in the gold industry, efforts are underway to address environmental concerns across both sectors. As technology advances, opportunities for reducing environmental impact will continue to emerge in both industries. While scrutiny of Bitcoin mining's environmental impact is warranted, it should not be exaggerated beyond that of solid minerals such as gold. Both industries pose environmental challenges that require attention and action. By fostering equitable scrutiny and promoting sustainability across all resource extraction sectors, we can work towards a more balanced and responsible approach to managing our planet's natural resources.

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Khomenko.4h

@artyom_khomenko

Khomenko

@artyom_khomenko.4h

Bullish

Spread the world this is going to catch on very bullish spread the word this is going

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Khomenko.4h

@artyom_khomenko

Khomenko

@artyom_khomenko.4h

Bullish

Spread the world this is going to catch on very bullish spread the word this is going

120

3k

31

21

...

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