New Report Claims Bitcoin Mining CO2 Emission is on par With a Major US City14

It has been at least a few months since the last condemning report involving Bitcoin mining was published. A new report published in Joule claims the emission of Bitcoin miners is getting out of hand rather quickly. So much even that it allegedly puts out as much CO2 per year as the entire Kansas City area. As is usually the case, these reports need to be taken with a few grains of salt.

Over the past few years, numerous reports have indicated how wasteful Bitcoin mining can be. More specifically, this train of thought doesn’t apply to just Bitcoin, but all cryptocurrencies and assets combined. It is certainly true this process requires a lot of electricity, although the total consumption is far below what most people seem to think of these days. Most of the reports to date are based on figures which do not add up in the real world, for the most part.

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