The Environmental Effects of Cryptocurrency Mining in the World

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dc.authoridhttps://orcid.org/0000-0003- 3301-4823en_US
dc.contributor.authorUlaşan, Fatih
dc.date.accessioned2024-01-19T13:33:44Z
dc.date.available2024-01-19T13:33:44Z
dc.date.issued2022en_US
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractCryptocurrency is called as a digital or virtual currency, is included in the financial system independently of the monopoly of legal authorities and is difficult to control. Since the market value and transaction volume of cryptocurrencies is very large, it brings significant change on a global scale. Cryptocurrencies have disadvantages as well as advantages. Some of environmental impacts triggered by the cryptocurrency mining can be expressed as the high electricity consumption, the increased carbon footprint and the generation of the electronic waste. In this study, the structures of the cryptocurrency and block-chain technology are analyzed, and the amount of energy consumed by the cryptocurrency mining and its environmental dimensions (environmental and social consequences) are examined. Lastly, activities to prevent the environmental impacts of mining activities are evaluated.en_US
dc.identifier.endpage20en_US
dc.identifier.issn2718-1065
dc.identifier.issn2791-8084
dc.identifier.issue1en_US
dc.identifier.startpage1en_US
dc.identifier.urihttps://hdl.handle.net/11363/6983
dc.identifier.volume3en_US
dc.language.isoenen_US
dc.publisherİstanbul Gelişim Üniversitesi / Istanbul Gelisim Universityen_US
dc.relation.ispartofJournal of Sustainable Economics and Management Studiesen_US
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Başka Kurum Yazarıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectCryptocurrencyen_US
dc.subjectPublic Administrationen_US
dc.subjectTechnologyen_US
dc.subjectBitcoinen_US
dc.subjectEnvironmenten_US
dc.titleThe Environmental Effects of Cryptocurrency Mining in the Worlden_US
dc.typeArticleen_US

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ECOMAN Vol. 3, Issue 1, June 2022