So, we all know everyone is going on and on about Bitcoin mining wasting lots of electricity and how this is harmful to the environment, but have we ever considered how harmful other payment methods are?
Visa and MasterCard have about 65 million customers and we also have debit cards from Banks and also other payment cards like American Express and Diners Club etc. A lot of these cards are replaced once every year and it is made from material that are very harmful to the environment.
Cards are made of several layers of plastic laminated together. The core is commonly made from a plastic resin known as polyvinyl chloride acetate (PVCA). This resin is mixed with opacifying materials, dyes, and plasticizers to give it the proper appearance and consistency. - Source :
http://www.madehow.com/Volume-4/Credit-Card.htmlThe average American has 2 to 3 credit cards and there were 304 million Visa credit cards in circulation in the United States and 545 million Visa credit cards in circulation outside of the United States in September 2014. Source :
https://www.creditcards.com/credit-card-news/market-share-statistics.php Using of electricity will be good for other business like electrical plant and not wasting but with regards to the hazards of environment , will make sense and it should be resolve as soon as possible to save our mother earth .