UN Study Reveals Environmental Impact of Bitcoin Mining
In a recent UN study, researchers found that Bitcoin mining operations leave substantial environmental footprints, encompassing carbon, water, and land impacts
The study further disclosed that the worldwide Bitcoin mining network consumed a substantial amount of electricity, heavily relying on fossil energy sources.
It also revealed that the worldwide Bitcoin mining network utilized approximately 173.42 Terawatt hours of electricity between 2020 and 2021
The water footprint associated with BTC mining reached around 1.65 cubic kilometers (km3) during the same period
The United Nations emphasizes the urgency of implementing policy interventions to monitor, regulate, and address the environmental impacts of digital currencies.