We remain committed to lowering our environmental impact at Inkbox through various initiatives and are always working to do better.
The cryptocurrency space is still very new and like many other payment services, the use of Bitcoin does have processing costs. The services needed for the operation of currently widespread monetary systems, such as banks, credit cards, and armored vehicles also do use energy as well. The core difference here is that their total energy consumption is not as transparent and cannot be as easily measured. Below you can find some additional information on Crypto and the environment:
Cryptocurrency mining has become optimized over time with specialized hardware that consumes less energy.
Many miners choose to stop mining when mining becomes too competitive and less profitable, which encourages less mining ultimately.
There is work being done in the Crypto community to find more energy effective ways to mine, such as Etherium with which you can buy Superlotl’s with. Etherium 2.0 for example which launched recently, allows for 99.5% less energy consumption to be used and lower gas use.