Many discussions and debates have been had over Bitcoin’s proof of work (PoW) mining and its effect on the environment and carbon emissions. Critics of the energy-intensive consensus mechanism argue that Bitcoin heavily contributes to overall environmental pollution, while the “digital gold” supporters argue the industry’s outsized contribution to greenhouse gas emissions is overstated. According to the Cambridge Bitcoin Electricity Consumption Index, Bitcoin mining uses 175.82 terawatt-hours...

Many discussions and debates have been had over Bitcoin’s proof of work (PoW) mining and its effect on the environment and carbon emissions. Critics of the energy-intensive consensus mechanism argue that Bitcoin heavily contributes to overall environmental pollution, while the “digital gold” supporters argue the industry’s outsized contribution to greenhouse gas emissions is overstated. According to the Cambridge Bitcoin Electricity Consumption Index, Bitcoin mining uses 175.82 terawatt-hours...