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Bitcoin mining — What are the true climate change risks? Bitcoin mining — What are the true climate change risks? Samuel Wan · 3 years ago · 4 min read
🚨 This article is 3 years old...
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Bitcoin mining — What are the true climate change risks?

Bitcoin mining is coming under increasing fire for ecological reasons, however, data shows its environmental impact is less than that of the gold and banking sectors.

Samuel Wan
Jul. 29, 2022 at 10:00 pm UTC
4 min read
Updated: Apr. 3, 2023 at 12:07 am UTC
Bitcoin mining — What are the true climate change risks?

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

The European Central Bank (ECB) published a report on July 14 that covered many points related to Bitcoin and Ethereum mining, including energy consumption and Proof-of-Stake (PoS) as an alternative mechanism. The report, titled “Mining the environment – is climate risk priced into crypto-assets?,” determined that Proof-of-Work (PoW) mining cannot co-exist with “the green transition” […]

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