From BBC News, graphic evidence that cryptocurrency fuels global warming:
From their report:
Bitcoin uses more electricity annually than the whole of Argentina, analysis by Cambridge University suggests. “Mining” for the cryptocurrency is power-hungry, involving heavy computer calculations to verify transactions.
Cambridge researchers say it consumes around 121.36 terawatt-hours (TWh) a year – and is unlikely to fall unless the value of the currency slumps.
Critics say electric-car firm Tesla’s decision to invest heavily in Bitcoin undermines its environmental image.
The currency’s value hit a record $48,000 (£34,820) this week. following Tesla’s announcement that it had bought about $1.5bn bitcoin and planned to accept it as payment in future. But the rising price offers even more incentive to Bitcoin miners to run more and more machines.