A study out of New Mexico has found that the environmental harm produced by Bitcoin mining is comparable with that of beef production or oil refining.
El Salvador announced plans on accepting cryptocurrency as legal tender and calls for the use of geothermal energy for bitcoin mining in the country.
An analysis predicts the Bitcoin network could be using 7.67 gigawatts of electricity by the end of the year. That’s half a percent of the world’s electricity and the same amount used by the whole of Austria.
