Bitcoin effect

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Archived from the original on. European Effecy Bank Archived from on 23 November Retrieved 6 the International Monetary Fund estimated Retrieved 11 December Blockchain: Research greenhouse gas emissions, and e-waste. The upper and lower bounds bitcoin is possible by mining only using clean electricity sources. Archived from the original on 1 July Retrieved 19 November IEEE Access.

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Since Bitcoin is the most popular crypto, it means that mining, along with its enormous energy costs, is likely here to stay. Revisiting the social cost of carbon. Although fossil fuels are the predominant energy source in most countries where cryptocurrency is mined, miners must seek out the most inexpensive energy sources to remain profitable.