The Mozilla Foundation, a non-profit organization, has announced that it is suspending donations in cryptocurrency. This decision is due to the negative reaction of some citizens regarding cryptocurrencies and their impact on the environment, as mining requires significant energy costs.
The Mozilla Foundation, founded in 2003, accepts voluntary donations as a source of funding, and the first to donate their $ 2 million to the project was AOL. However, since the announcement that it would accept cryptocurrency donations, the organization has come under public criticism. As a result, the developer announced that it would check whether this initiative is consistent “Our climate goals”. It also says on the project’s Twitter: “Decentralized web technologies remain an important area for our research, but a lot has changed since we started accepting cryptocurrency donations.”
Decentralized web technology continues to be an important area for us to explore, but a lot has changed since we started accepting crypto donations. 2/4
— Mozilla (@mozilla) January 6, 2022
This is not the first time a major player has been forced to respond to the negative public reaction to cryptocurrencies and their environmental impact. Last May, electric vehicle maker Tesla stopped selling Bitcoin on its products just months after the opportunity. The company’s chief Elon Musk later announced that bitcoin acceptance would resume after at least 50% of cryptocurrency is mined from renewable energy sources. According to estimates by the Cambridge Center for Alternative Finance, Bitcoin mining currently only costs 148 TWh per year.