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Bitcoin mining - the process in which a bitcoin is awarded to a computer that solves a complex series of algorithm - is a deeply that use coal. But environmentalists say that mining is still a cause for concern particularly because miners will go wherever electricity is cheapest and that may mean places energy intensive process.
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\Concurrently, Bitcoin proponents highlight potential climate benefits from grid balancing services, support of renewable energy expansion. Batten's study suggests that by , bitcoin mining could reduce global warming by %. The report emphasizes that currently, bitcoin mining. Due to its considerable fossil fuel energy use, cryptocurrency mining contributes to global carbon emissions with associated environmental.
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