Report: Bitcoin Mining Doesn’t Fuel Climate Change, It Benefits the Global Economy24.96

The majority of bitcoin miners — about 78 percent — use renewable energy to power their mining operations, while preventing surplus electricity from going to waste in countries such as China, a new study by Coinshares has revealed. The U.K.-based digital asset management company argues that “bitcoin mining may in fact be acting as an electricity buyer of last resort,” contrary to the mainstream media construct of it being an environmental menace.

Also read: Bitcoin Mining Start-Up Envion Ordered to Close by Swiss Court

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