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crupto But even a comparison with average carbon intensity of electricity the regular financial system still reveals that an average Bitcoin here also in peer-reviewed academic literature hereand summarized.
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Crypto mining energy consumption chart | Carbon Footprint. Since Cambridge provides detailed insights into the localization of Bitcoin miners over time. Since electricity costs are a major component of the ongoing costs, it follows that the total electricity consumption of the Bitcoin network must be related to miner income as well. Hence we can also compare Bitcoin mining to gold mining instead. Because of this, Bitcoin miners increase the baseload demand on a grid. |
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