Crypto over the environment: How blockchain is accelerating climate change

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An average of every $1 of bitcoin mined between 2015 and 2021 resulted in $0.35 of climate change. PHOTO | SHUTTERSTOCK

Ben Mugambi, 26, first decided to invest in cryptocurrencies to beat the lockdown tedium at the peak of the Covid-19 pandemic in 2020. His first escapades in the industry went well and he was certain he would be trading in cryptos for a long time. And for a while, it was his sole source of income.

Initially, Mugambi viewed crypto trading in the same light as other online income-generating activities – like freelancing or ghost-writing.