• oliveoil [none/use name]@hexbear.net
    link
    fedilink
    English
    arrow-up
    5
    ·
    2 days ago

    The environmental impact of proof-of-work is usually tied to the amount of transactions on the chain and the amount of computers crunching the numbers.

    Bitcoin, for instance, makes the number crunching harder the more computers there are.

    I don’t imagine these scams are doing much to the environment, since very few people will be mining the coin.

    Some other Crypos use proof-of-stake, which changes things up a bit.