The Environmental Impact of Crypto Mining: How Big Is It?

Environmental issues are at the forefront of the news cycle. First blush logic might dictate that the management and recovery of virtual money within the virtual space would take little, if any, energy. Blinkety–bop; the digital transfers and engagements happen in the blink of an eye…right? Hang on. Not so fast. Article published courtesy of, and

Believe it or not, cryptocurrency is quickly raising alarm bells for environmentalists.
The main area of concern is the use of fossil fuels to provide large scale energy for crypto mining. This use is exacerbated by the blockchain: long, clunky blocks of code that take hours to download, authenticate, and upload again…. and so on.

But in what way does this lead to heavy power consumption?

Bernard Lietaer is the author of The Future of Money and an international expert in the design and implementation of currency systems. He has a great deal to say about the cost of power–literally–in crypto mining. “A cryptocurrency’s mining process is power-hungry, requiring heavy calculations on computers to verify transactions” points out Lietaer. While some estimations vary, “researchers at Cambridge estimate that it consumes about 121 kWh per year” writes Lietaer. And by these numbers, he points out, even when blockchain trades run at a low point, mining takes tremendous amounts of electricity.  “In the event of a currency slump, it is unlikely to fall below 36 terawatt hours (TWh) per year.” (Lietaer)

Continue reading “The Environmental Impact of Crypto Mining: How Big Is It?”

Security Check up: Is Your Crypto Safe?Tips For Handling Security With Cryptocurrency

It is no secret that we take security very seriously here at CloudCoin. If you are new to cryptocurrency or feeling particularly uncertain about your trading habits, here are some tips for protecting yourself while trading online. Article published courtesy of, and

Always move your crypto from devices that need servicing

Does it seem like the battery on your computer isn’t lasting as long as you like? Has your PC seemed a little warmer than usual? Consider moving your crypto from devices that may have trouble on the way. You don’t need the most powerful computer to trade. You need a computer that functions properly. Consider the implications of getting your computer serviced with someone who will have full access to your files.

Never auto-generate or save crypto-related passwords

What if that PC gets the “blue screen of death”? What if your child decides today is the day to test the interaction between magnets and motherboards? Create strong passwords, but make sure you write them down! Although auto generating strong passwords through Google or Firefox is usually a reliable strategy for most daily online activity, it just doesn’t cut it if you are taking cryptocurrency seriously. Experts encourage using a strong password; but saving these passwords to your PC is a huge risk. 

Continue reading “Security Check up: Is Your Crypto Safe?Tips For Handling Security With Cryptocurrency”