Power Consumption And E-Waste of Cryptocurrency Mining

Abstract
This paper identified the understanding the impact of crypto-currency mining on social & environment. Cryptocurrency, an encrypted peer-to-peer network to facilitate the exchange of digital goods, is a technology that was developed 8 years ago. While crypto-currencies are unlikely to replace traditional currencies, they can change the way global internet-connected markets interact, removing barriers around national currencies and exchange rates. Indian youth has invested hugely in cryptocurrency, a new crypto community has emerged. In India, many start-ups started based on block chain technology and cryptocurrency trading system which increased the popularity of Cryptocurrency among the youth which results in increase of cryptocurrency mining. Country youths are falling for marketing techniques used by companies to increase their user base by showing profits which result in financial risk among the young peoples among the countries.