Story at a glance Online crypto currencies can use an enormous amount of energy. To better estimate the environmental impacts of Bitcoin mining, researchers assessed its ‘social cost of carbon’ value. Damages from Bitcoin’s carbon dioxide emissions are similar to those inflicted by the beef industry and burning of crude oil. New research puts the climate damage of Bitcoin on par with pollution from the beef production industry and crude oil burned as gasoline, suggesting the crypto currency could worsen climate change if the status quo continues. The findings, published in Scientific Reports, include estimates of the energy-related climate damages of mining
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