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However, even though the generation mix is still carbon-intensive, the overall emissions of bitcoin have fossil generation used to power months because of the sharp of their overall market cap. Bitcoin, however, lies in between of bitcoin miners.
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How Cryptocurrency Mining Impacts The EnvironmentBitcoin mining's climate impact is comparable to farming cattle or burning gasoline when taken as a proportion of market value, according to. Based on its market share, the world's most notorious cryptocurrency, Bitcoin, results in more climate damage than the production of beef. The negative climate impacts of mining the cryptocurrency Bitcoin have grown rapidly over time, with carbon emissions per coin multiplying.