Mining Bitcoin Takes 3 Times More Energy Than Extracting Gold or Copper, New Research Says4.23

The “mining” of bitcoin, a type of cryptocurrency, requires more energy than that of mining metals like copper and gold, according to a paper published in Nature Sustainability.

Mining bitcoin, which the report points out is often referred to as “new gold,” requires about three times more energy per U.S. dollar than that required to mine gold, the study found.

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