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Sunday, October 9, 2022
Just Another Reason To Ignore Crypto-Currency/Bitcoin
"Bitcoin mining caused climate damages amounting to $12 billion during 2016-2021, a new study estimated. Carbon dioxide equivalent emissions from electricity production for Bitcoin mining rose 126 times to 113 tonnes in that period, according to the paper published in the Scientific Reports. In 2021, the total global damages of all coins mined exceed $3.7 billion. Mining Bitcoin is comparable to making energy-intensive products such as beef, natural gas, and crude oil, the research showed."