News Snapshot:
Researchers warn China that its bitcoin mining could undermine global sustainability efforts April 7, 2021 A group of researchers have warned China that without more stringent regulations and policy changes, the amount of bitcoin mining performed in the country could undermine global sustainability efforts. The energy consumption and carbon emissions associated with bitcoin mining are accelerating rapidly in China, the researchers claim in work published in Nature Communications this week . The researchers said the majority of the mining process has been conducted in China — with miners in the country accounting for more than 75% of the bitcoin network’s...
