UN Research Links Bitcoin Price Surge to Soaring Energy Consumption: A Look at the Environmental Impact

Researchers from the United Nations have recently established connections between the surging price of Bitcoin and the escalating electricity consumption resulting from its mining operations. Through an in-depth analysis of 76 countries engaged in Bitcoin mining from 2020 to 2021, the UN research revealed that the global Bitcoin mining networks energy consumption reached a staggering 173.41 terawatt-hours. As Bitcoin experienced a significant price surge during this period, reaching a record peak of $69,000, the study highlighted an intriguing observation. Specifically, with Bitcoins price...

source: https://tokenpost.com/Bitcoin-Price-Surge-Links-to-Increased-Energy-Consumption-UN-Study-Finds-10897

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