Cryptocurrency and Environmental Impact Quiz

What is one of the major environmental concerns associated with Bitcoin mining?

• It reduces carbon emissions.

• It generates significant electronic waste.

• It uses minimal electricity.

• It is powered by renewable energy.

How does the blockchain technology used in Bitcoin mining contribute to its environmental impact?

• It is based on renewable energy sources.

• It involves a high-energy 'proof of work' process.

• It uses a centralized system.

• It requires minimal computational power.

What innovative solution did Stronghold Digital Mining implement to address environmental issues?

• Using solar panels for mining.

• Burning waste coal (GOB) to generate electricity.

• Switching to proof of stake.

• Reducing the number of mining computers.

What is a potential benefit of using renewable energy for Bitcoin mining?

• It increases the cost of mining.

• It provides a buffer for power surges.

• It reduces the need for blockchain technology.

• It eliminates the need for mining computers.

Which mining system is more energy-efficient than Bitcoin's proof of work?

• Proof of history

• Proof of stake

• Proof of authority

• Proof of identity

What percentage of Bitcoin's global power usage came from renewable sources in 2021?

• 25%

• 56%

• 90%

• 75%

What is a key challenge for green energy-powered Bitcoin miners?

• High competition from fossil fuel-based miners.

• Lack of interest from investors.

• Inability to generate any profit.

• Excessive government regulations.

How can individuals offset their Bitcoin carbon footprint?

• By reducing the number of transactions.

• By using more mining computers.

• By purchasing blockchain-verified carbon credits.

• By investing in fossil fuels.

What is the purpose of MC02 tokens offered by Moss.earth?

• To increase Bitcoin's value.

• To verify blockchain transactions.

• To mine new cryptocurrencies.

• To offset carbon emissions.

What is the main goal of companies like Moss.earth in the crypto space?

• To increase the number of Bitcoin transactions.

• To make crypto investments greener.

• To eliminate the use of blockchain technology.

• To reduce the value of cryptocurrencies.