Bitcoin’s carbon footprint rises with prices – DNB research

Bitcoin

Bitcoin’s carbon footprint increases with its value, research carried out by the Dutch central bank finds.

In 2020 bitcoin’s total carbon footprint rose by 25%, according to a new method developed by De Nederlandsche Bank. The research aims to make the crypto asset’s environmental impact more comparable to other means of payment.

The study finds that every bitcoin transaction produced 402kg of CO2 in 2020, 32% higher than in 2019. To put it into perspective, this is roughly two-thirds of the

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