Climate Problem Bitcoin Mining – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Recently there has been a deluge of headlines about the environmental impact of mining bitcoin. Nearly every article, tweet, video, etc, cites Digiconomist and/or Cambridge as their primary evidence and says some version(s) of the following statements;

“Bitcoin consumes more electricity than Argentina/Kazakhstan.”

“Bitcoin’s electricity consumption as a country ranks in the top 30 globally.”

Comparing Bitcoin to countries and ranking them does a great job of making people feel that Bitcoin is not only one of the leading sources of emissions already, but is truly an outsized problem compared to the nearly 200 countries on the planet.

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