Researchers allege Bitcoin’s climate impact closer to ‘digital crude’ than gold

The Bitcoin (BTC) bashing has continued unabated even in the depths of a bear market with more research questioning its energy usage and impact on the environment.

The latest paper by researchers at the department of economics at the University of New Mexico, published on Sept. 29, alleges that from a climate-damage perspective, Bitcoin operates more like “digital crude” than “digital gold.”

The research attempts to estimate the energy-related climate damage caused by proof-of-work…

Read More