The U.S. bitcoin industry produces as much climate pollution every year as 6 million internal combustion cars and three times more than the country’s biggest coal plant, concludes a new report from multiple environmental groups. The global share of energy-intensive bitcoin “mining” in the U.S. has increased by more than an order of magnitude since […]
The U.S. bitcoin industry produces as much climate pollution every year as 6 million internal combustion cars and three times more than the country’s biggest coal plant, concludes a new report from multiple environmental groups. The global share of energy-intensive bitcoin “mining” in the U.S. has increased by more than an order of magnitude since […]
Cryptocurrency prices, which were soaring at the end of 2021, have plummeted into a so-called “crypto winter.” But could this chilly period for cryptocurrencies help cool the climate as well? When Bitcoin prices fell below $20,000 this month, its energy use fell as well. “Part of what it means is that global electricity consumption is […]
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