What happens when smoke and mirrors burn the planet? While the epic collapse of overhyped digital currencies and exchanges makes front page news, the environmental damage from cryptocurrency mining is hiding in plain sight. Especially for energy-guzzling “proof of work” cryptocurrencies like Bitcoin. Any claims that Bitcoin is environmentally friendly are just as flimsy as the industry’s brash statements about the stability of cryptocurrencies and crypto exchanges. As the U.S. and the world look to slow the effects of climate change, it makes no sense to continue ignoring Bitcoin’s skyrocketing energy demands. The largest cryptocurrency by market share, Bitcoin requires ever-inc
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