Bitcoin Madenciliği ve Çevresel Etkileri

Abstract

Bitcoin, with its market value among cryptocurrencies and being the biggest in terms of its processing volume, carries great potential in terms of low cost, speedy processing and low level risk while also bringing with it important global-level change and transformation. On the other hand, the fact that cryptocurrencies and Bitcoin specifically are new, of unclear legal status, and carry the risk of being involved in illegal activity, there is the potential for their use as an extremely volatile and speculative investment tool and have environmental effects. This study examines Bitcoin mining and blockchain technology and investigates the high amounts of energy consumed by Bitcoin and its environmental effects. It is argued that the energy consumed as a result of increased Bitcoin mining will have environmental and social consequences, such as global warming and climate change.