Crypto mining and global warming

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Inside The Cryptocurrency Revolution
One study warned that Bitcoin could push global warming beyond 2�C. Another estimated that bitcoin mining in China alone could generate Concurrently, Bitcoin proponents highlight potential climate benefits from grid balancing services, support of renewable energy expansion. The massive energy consumption of cryptocurrency mining threatens to undermine decades of progress towards achieving climate goals, and.

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Truby, J. The higher the price of bitcoin, the more miners are competing, and the harder the puzzles get. Tom Joad. At this point, for most of us, cryptocurrency seems like nothing more than a fad. The design of proof-of-work cryptocurrency mining incentivizes miners to ramp up operations as quickly as possible, often irrespective of the source of energy.