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Bitcoin Will Help Solve the Climate Crisis

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In this text, we are going to dive into Bitcoin’s influence on the surroundings.

Since the rise of Bitcoin, the media has relentlessly attacked it based mostly on its power consumption. A well-liked argument comes from The Guardian, “A single bitcoin transaction uses the same amount of power that the average American household consumes in a month.” Columbia University writes, “One study warned that Bitcoin could push global warming beyond 2°C.” And one Newsweek article even says, “Bitcoin mining is on track to consume all of the world’s energy by 2020.”

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