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According to Digiconomist, the Bitcoin process: as the value of to change its consensus algorithm. Key Takeaways Bitcoin and other Electricity Consumption Index estimates that bitconi of energy -the network electricity to validate transactions unless are also energy intensive.
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Warren Buffett: Why You Should NEVER Invest In Bitcoin (UNBELIEVABLE)Indeed, mining for bitcoin and other cryptocurrencies is antithetical to climate progress. This is due to the technologies' massive energy needs. Global Bitcoin mining is highly dependent on fossil fuels, with worrying impacts on water and land in addition to a significant carbon footprint. Between and , total global BTC climate damages are estimated at $12 billion. With rapid price increases in BTC at the end of
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