Can Cryptocurrency Rein in Its Massive Energy Consumption?

As cryptocurrency rises in popularity, its unexpected and negative climate impacts have emerged as a major concern.

Source: Henry Harvin


What's your favorite currency?

Cryptocurrency has been quite the trend in recent years. There are over 19,000 cryptocurrencies circulating around the world right now, and in 2021, the global market value of cryptocurrency doubled. But some coins have turned out to be major energy sucks, impacting the global climate and many local communities. Bitcoin alone uses 150 terra-watt hours of electricity per year, which is more than the entire country of Argentina. Today, we explore what cryptocurrency is, why some coins are using so much energy, and how they can reduce their climate impact moving forward. With special guest Dr. Benjamin Jones: Associate Professor of Economics at the University of New Mexico.

The Sweaty Penguin is presented by Peril and Promise: a public media initiative from The WNET Group in New York, reporting on the issues and solutions around climate change. You can learn more at

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Writers: Hallie Cordingley, Naomi Rubin, Ethan Brown

Editor: Will Andronico

Producers: Ethan Brown, Shannon Damiano

Ad Voiceover: Will Andronico

Music: Brett Sawka

The opinions expressed in this podcast are those of the host and guests. They do not necessarily reflect the opinions or views of Peril and Promise or The WNET Group.



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The Sweaty Penguin
The Sweaty Penguin is a digital news source and podcast aiming to make environmental issues less overwhelming and politicized and more accessible and fun.


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