China’s electricity-hungry bitcoin mines that power nearly 80 percent of the global trade in cryptocurrencies risk undercutting the country’s climate goals, a study in the journal Nature Communications said on Tuesday.
Chinese companies with access to cheap electricity and hardware handled 78.89 percent of global bitcoin blockchain operations as of April 2020, the study said.
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https://www.businessinsider.com.au/astrazeneca-covid-vaccine-countries-suspend-denmark-thailand-batch-blood-clots-2021-3?r=US&IR=T
https://techxplore.com/news/2021-04-china-bitcoin-derailing-climate-goals.html
China’s electricity-hungry bitcoin mines that power nearly 80 percent of the global trade in cryptocurrencies risk undercutting the country’s climate goals, a study in the journal Nature Communications said on Tuesday.
Chinese companies with access to cheap electricity and hardware handled 78.89 percent of global bitcoin blockchain operations as of April 2020, the study said.