Bitcoin and Carbon Dioxide Emissions: An Overview
Bitcoin, as a popular cryptocurrency, has raised concerns about its environmental impact, particularly regarding carbon dioxide emissions. The energy-intensive process of Bitcoin mining, which involves solving complex mathematical problems to validate transactions, consumes vast amounts of electricity. This electricity often comes from fossil fuel sources, leading to significant carbon dioxide output. As a result, many are calling for more sustainable practices in the Bitcoin industry to reduce its carbon footprint and align with global climate goals.
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