UN Report Finds Bitcoin Mining Energy Use Rose Sharply Alongside Price Spike
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UN report found direct correlation between Bitcoin price and energy needed for mining during 2020-2021 period.
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Report highlighted 400% BTC price increase triggered 140% rise in mining energy use.
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Fossil fuels accounted for 67% of mining electricity, rest was renewable sources.
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UN report criticized for citing overestimated emissions data from 2018 paper.
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Top 10 mining countries accounted for 92-94% of Bitcoin's carbon, water, land footprint.