A research says that crypto currency mining could produce enough emissions to raise global temperatures by 2°C within 15 years.
"Bitcoin is a cryptocurrency with heavy hardware requirements, and this obviously translates into large electricity demands," said Randi Rollins, a master's student at the University of Hawaii at Manoa and co-author of the paper.
Rollins and her colleagues estimated that the use of bitcoins in the year 2017 emitted 69 million metric tons of CO2.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.