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Does Bitcoin hurt the climate?

Does Bitcoin hurt the climate?

Bruno Maçães's avatar
Bruno Maçães
Apr 22, 2021
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Does Bitcoin hurt the climate?
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Bitcoin consumes a lot of energy. In early March, Bill Gates told the New York Times, “Bitcoin uses more electricity per transaction than any other method known to mankind.” According to some estimates, it may account for 0.5% of total global electricity consumption. Since a lot of Bitcoin mining happens in Xinjiang, where energy production often relies…

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