As closely monitored by ELM over the last couple of years, the expansion of cryptocurrency mining in the United States has resulted in the industry simply devouring the country’s energy resources (see here for general background on cryptocurrency mining effects on energy use, and here for an explainer on the federal government’s increased attention to crypto’s energy use).
Some analysts have concluded that the crypto mining industry releases between 25 and 50 million tons of CO2 annually – roughly the same amount as the U.S. …
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