Bitcoin mining in China could threaten climate policies, new study shows
Without appropriate intervention and policy changes, the energy consumption and carbon emissions from Chinese Bitcoin mining will jeopardise the country’s climate goals.
These claims come from a new study carried out by researchers at the University of Chinese Academy of Sciences, Cornell University, Tsinghua University and University of Surrey.
Their research finds that the annual energy consumption of the Bitcoin mining in China is expected to peak in 2024 at 297...