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What are the differences in environmental impact between platinum and palladium in the production of digital currencies?

avatarLeon_ScootDec 26, 2021 · 3 years ago1 answers

In the production of digital currencies, what are the specific differences in terms of environmental impact between using platinum and palladium?

What are the differences in environmental impact between platinum and palladium in the production of digital currencies?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    In the production of digital currencies, the environmental impact of using platinum and palladium can differ. Platinum mining typically requires extensive land excavation, which can lead to habitat destruction and soil erosion. It also involves the use of chemicals that can contaminate water sources. On the other hand, palladium mining is generally less invasive and has a lower impact on ecosystems. Additionally, the refining process for platinum is energy-intensive and emits greenhouse gases, while palladium refining is relatively more energy-efficient. Considering these factors, using palladium instead of platinum in the production of digital currencies can have a lower environmental impact.