New York Timesin its report, bitcoinof miners 3.5 millionstated that it consumes fossil fuel equivalent to a car.
New York TimesA recent article shared by Bitcoin mining USA He explained that his contribution to climate change is negative. According to the article, the amount of energy consumed by miners 85 percentobtained from fossil fuels and 3.5 millionIt turned out that they emit carbon emissions equivalent to the car.
The Report Also Draws Attention to Economic Impacts
New York TimesThis article by .
Critics argue that this process casts a shadow on global efforts to combat climate change. The article also draws attention to the economic implications of Bitcoin mining. This high demand for electricity Texasprice for residential consumers in 5 percentincreased by the rate.
This increase, bitcoinBearing the weight of the impact of mining, Texans are expected to pay for electricity annually. $1.8 billion It means more spending. Cryptocurrency mining has been a controversial topic for years as it requires large amounts of energy to verify transactions on the blockchain. High energy demand has raised concerns about the role of cryptocurrencies like Bitcoin. However, crypto advocates argue that they can turn this situation in their favor with the benefits of decentralized finance.
This report, shared by the New York Times, highlights the urgency of addressing the environmental and economic impacts of cryptocurrency mining, and states that a balance must be struck between innovation and sustainability.
