"In short," Jones added, "Bitcoin’s environmental footprint is moving in the wrong direction."
What's worse: given how wildly the cryptocurrency's value has fluctuated between 2016 and 2021, the research window the UNM economists studied, there were times when the coin was literally not worth the damage mining it would cause. Since 2016, the researchers calculated that Bitcoin's electricity-generating missions have increased a whopping 126 percent, from 0.9 tons per coin in 2016 to 113 tons/coin in 2021.
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