In the News

Bitcoin's Carbon Footprint Under Scrutiny

Graham Watson

16th May 2021

This clip looks at the adverse environmental consequences of cryptocurrencies because of the carbon footprint generated by Bitcoin mining.

Bitcoin mining consumes as much electricity as the Netherlands.

This past week, Tesla decided to reverse an earlier decision to accept Bitcoin as a means of payment.

Bitcoin's Carbon Footprint Under Scrutiny

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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