When will No Crypto Mining or Trading Day be celebrated? April 22nd of each calendar year.
What is No Crypto Mining or Trading Day? Crypto mining and trading are large consumers of energy in both the form of non-renewable and renewable energy. With our planet having limited natural resources, and carbon emission having been proven to be detrimental to the environment for all of us, this one day of no crypto mining and trading, coinciding with Earth Day and No Email Day, goes to the support of a better environment for us all. Similar to a national bank holiday, all parties involved in crypto mining and trading can take a day and reflect on how they can work with their peers to better the environment for us all by not effectuating any transactions.
How should No Crypto Mining or Trading Day be celebrated or observed? No crypto mining or trading to reduce the carbon footprint of crypto activities.
Why was No Crypto Mining or Trading Day created? Cryptocurrency mining is energy-intensive, as is the manufacturing of the equipment (computers, storage racks, wires, etc.) used to operate the mining and transaction processing (trading and transaction verification), of cryptocurrency transactions. This means that there is a high usage of energy, most of which comes from non-renewable energy sources. There have been studies that estimate that Bitcoin mining consumes more energy globally than some countries. The process, known as proof of work, is energy-intensive by design, in order to prevent hacks and attacks.
The objective of this one day of no crypto mining or trading is to help reduce carbon emissions and thereby help to eliminate the risk to a small extent, on Earth Day, of climate change.Banks close on many days during the year for national or other holidays, but crypto has no closing date or time ever. One day of no crypto transactions would not be a burden to the world and would be a first small step to reducing crypto’s carbon footprint.
Who created this day? This day was created by Milton Barbarosh in 2024.