Bitcoin price boom 'locking in' vast energy consumption

The cryptocurrency market has been abuzz as Bitcoin gains popularity with investors, reaching an all-time high of over $58,000 apiece in February. In a commentary published March 10 in the journal Joule, financial economist Alex de Vries quantifies how the surging Bitcoin price is driving increasing energy consumption, exacerbating the global shortage of chips, and even threatening international safety.

from Energy & Green Tech News - Energy Sciences News, Green Tech, Energy, Energy Science https://ift.tt/3lahJUD

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