Mining bitcoin from computers consumes a lot of energy due to the complex calculations that are involved. According to environmental groups, bitcoin production in the United States caused CO2 emissions of 27.4 million tons in the period between mid-2021 and 2022. That’s three times the emissions of the largest coal-fired power plant in the states. United and nearly equal to the annual emissions of 6 million cars.
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According to a recent White House study, 38% of global bitcoin mining now takes place in the United States. It was only 3.5 percent in 2020. Due to China’s drastic restrictions on bitcoin mining, many bitcoin companies have moved to the United States or are expanding their operations to the United States.
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A bitcoin miners advocacy group in the United States claims that the cryptocurrency industry uses relatively little energy and that more than half of that energy comes from renewable sources.
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