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We are thinking about Bitcoin’s energy usage in all the wrong ways


Global warming is certainly one of the humanity’s greatest challenges. For decades, public opinion has held heavily industrialized nations accountable for the damage done to our planet. In the quest to preserve Earth, it has become en vogue to critique Bitcoin mining for its high energy use and potentially harmful impact on the environment. Towards the end of last year, the Bitcoin network was running on enough electricity to power more than 20 European nations. More recently, an article was run with the headline Bitcoin mining now accounts for almost one percent of the world’s energy consumption. Under a certain…

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