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In the context of Monero' PoW, that has it largely wrong with regard to the environment. Firsly, Monero's algorithm disallows large commercial mining via ASICs,
by OutOfHere 2y ago
In the context of Monero' PoW, that has it largely wrong with regard to the environment. Firsly, Monero's algorithm disallows large commercial mining via ASICs, which means it comes down to the utility provider to be green or not. If the utility provider uses green energy, there isn't ongoing environmental harm from it.
Monero's hash rate also isn't obscene like that of Bitcoin, so far less computation is needed to mine it.
It is government issued fiat money that has led to banks having a strong bias toward funding funding fossil fuel development for the last century and the current one. If debt-fueled fiat money were to go away, continued environmental destruction by new fossil fuel projects would largely halt.