• Mining gold is expensive.
• Current climate crises call for a reduction in carbon emissions.
• PoS could be the solution to these problems.

There are many gold mines around the world. Most of them can be found in South Africa, Australia and Russia. Although gold has a significant economic impact on these countries, its environmental and societal impacts are substantial and long-lasting and could outweigh the potential benefits.

Globally, the mining industry produces 4-7% of greenhouse gases. A single ounce or more of gold can generate up to 800 kg of carbon dioxide. Even a single wedding rings can produce 20 tons of trash. Heavy metals and chemicals, such as mercury or cyanide from gold mining can pollute water and land and cause damage to the ecosystem.

Continue reading on CoinQuora