Bitcoin climate impact greater than gold mining, study shows

Environmental damage of producing cryptocurrency averages 35% of its market value over past five yearsBitcoin is less "digital gold" and more "digital beef", according to a study that suggests the cryptocurrency has a climate impact greater than that of gold mining and on the level of natural gas extraction or rearing cattle for meat.The research from the University of New Mexico, published in the journal Scientific Reports, assessed the climate cost of various commodities as a portion of their overall market cap. Continue reading...