📝 Written Ability Test (WAT) / Essay Analysis Guide
🌍 Combating the Environmental Impact of Cryptocurrency Mining
📖 Understanding the Topic’s Importance
Cryptocurrency mining presents a dual challenge: fostering digital innovation while mitigating environmental degradation. This dilemma is crucial for B-schools as it intersects technology, sustainability, and policymaking.
⏱️ Effective Planning and Writing
- Time Allocation:
- Planning: 5 minutes
- Writing: 20 minutes
- Review: 5 minutes
- Preparation Tips: Focus on energy statistics, regulations, and sustainable alternatives.
✍️ Introduction Techniques for Essays
- Contrast Approach: “Cryptocurrency mining propels the financial revolution, yet its environmental toll demands urgent solutions.”
- Solution-Based Introduction: “Green mining practices offer a sustainable path for cryptocurrency’s future amidst mounting environmental concerns.”
📚 Structuring the Essay Body
- Achievements: Highlight Ethereum’s Proof-of-Stake (PoS) transition and renewable energy use in mining hubs.
- Challenges: Discuss mining’s energy consumption and e-waste. Compare with regulatory responses globally.
- Future Outlook: Suggest adopting PoS, scaling green energy, and implementing global carbon credits.
✅ Concluding Effectively
- Balanced Perspective: “While cryptocurrency promises financial transformation, its environmental cost must be addressed through innovation and policy reform.”
- Global Comparison: “From China’s ban to Norway’s green mining, the world must find a middle path to sustainable cryptocurrency.”
🌟 Sample Short Essays
- Balanced Perspective: “Cryptocurrency mining, though transformative, must align with sustainable practices to safeguard the environment.”
- Solution-Oriented: “Investing in green technologies and global regulations can mitigate mining’s environmental impact.”
- Global Comparison: “Global experiences from Norway to Kazakhstan highlight diverse paths in addressing cryptocurrency’s carbon footprint.”