Toronto: Mining cryptocurrencies can have major environmental impacts on climate, water, and land, according to new research by United Nations scientists. As bitcoin and other cryptocurrencies have grown in market share, they’ve been criticised only for their heavy carbon footprint. In the new study, the UN scientists evaluated the environmental impacts of Bitcoin — the most renowned and popular cryptocurrency — across the world by looking at the activities of 76 Bitcoin mining nations during the 2020-2021 period. In addition to a substantial carbon footprint, global Bitcoin mining activities have significant water and land footprints, showed the results published in the journal Earth’s Fut
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