Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

These Are The Cryptocurrencies With The Highest CO2 Emissions – From Bitcoin To Ethereum

By Anna Peel. Originally published at ValueWalk.

cryptocurrencies Cryptocurrency ATMs ten biggest decentralized exchange cryptocurrencies

As cryptocurrencies look to revolutionize the financial market, there is a cost that comes from the sheer amount of energy required to mine them.

New research from Forex Suggest reveals the cryptocurrencies with the highest CO2 emissions, with Bitcoin alone generating 56.8m co2 emissions in 2021


Q4 2021 hedge fund letters, conferences and more

The Most-Polluting Cryptocurrencies

Rank Cryptocurrency Energy Used per Transaction (kWh) CO2 per Transaction (tons) CO2 per Transaction (scaled measurements)
1 Bitcoin 707 0.5302500000 1,060.5 lbs
2 Ethereum 62.56 0.0469200000 93.84 lbs
3 Bitcoin Cash 18.957 0.0142177500 28.4355 lbs
4 Litecoin 18.522 0.0138915000 27.783 lbs
5 Cardano 0.5479 0.0004109250 13.1496 oz
6 Dogecoin 0.12 0.0000900000 2.88 oz
7 Ripple 0.0079 0.0000059250 0.1896 oz
8 Stellar 0.00003 0.0000000225 0.00072 oz
  1. Bitcoin

Bitcoin is by far the most energy-consuming cryptocurrency, using 707 kWh per transaction which results in 1,060.5 lbs of CO2 for every transaction (just over half a ton.)

  1. Ethereum

Ethereum uses the second most energy for each transaction: 62.56 kWh, which produces 93.84 lbs of CO2.

  1. Bitcoin Cash

In third place is Bitcoin Cash, a derivative of Bitcoin. This cryptocurrency uses 19.957 kWh per transaction and produces 28 lbs of CO2.

Cryptocurrencies That Are Increasing Their Emissions The Fastest

Rank Cryptocurrency 2020 Annual Electricity Usage (kWh) 2020 Annual Emissions (tons CO2) 2021 Annual Electricity Usage (kWh) 2021 Annual Emissions (tons CO2) Change in Emissions (tons CO2) Change in Emissions (%)
1 Bitcoin Cash 232,339,798 174,255 1,970,044,710 1,477,534 1,303,279 748%
2 Cardano 1,082,527 812 7,051,032 5,288 4,476 551%
3 Stellar 16,869 13 48,851 37 24 190%
4 Litecoin 343,124,180 257,343 693,681,721 520,261 262,918 102%
5 Ripple 2,936,665 2,202 4,243,705 3,183 980 45%
6 Ethereum 22,476,545,664 16,857,409 29,267,017,296 21,950,263 5,092,854 30%
7 Dogecoin 1,697,513 1,273 1,897,998 1,423 150 12%
8 Bitcoin 79,891,991,214 59,918,993 75,766,894,371 56,825,171 -3,093,823 -5%
  1. Bitcoin Cash

Bitcoin Cash increased its emissions the most from 2020 to 2021 – an increase of a staggering 748%! The cryptocurrency is on track to release 1,303,278 tons of CO2 into the atmosphere this year.

  1. Cardano

Cardano uses a Proof-of-Stake (PoS) blockchain which requires much less energy and processing power than the Proof-of-Work (PoW) blockchain used by the market leaders. Nonetheless, for the time being, the currency is still seeing a 551% increase in its emissions rate.

  1. Stellar

The technology used by Stellar is more efficient than PoW or PoS. As a consequence, Stellar produced the least CO2 in 2020 and 2021 in the rating, despite having the highest number of transactions. The increase in Stellar’s CO2 emissions of 189.6% is not nearly as damaging as it might first seem, amounting to 23.99 tons of CO2.

Further Findings

Low energy-intensive coins

Rank Cryptocurrency Energy Used per Transaction (kWh)
1 Stellar 0.00003
2 IOTA 0.00011
3 Nano 0.000112
4 Ripple 0.0079
5 Chia 0.023

View the full research here: https://forexsuggest.com/global-impact-of-crypto-trading/

Updated on

Sign up for ValueWalk’s free newsletter here.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!