According to estimates by researchers Alex de Vries and Christian Stoll, bitcoin mining produces almost 30,700 tons of waste in electronic waste every year. As cryptocurrencies become more common, they are likely to grow into a bigger environmental problem. Q2 2021 hedge fund letters, conferences and more Bitcoin Mining, An Environmental IssueThe BBC reports that, according to the researchers’ estimates, the 30,700 tons average 272g (9.5oz) per transaction, while an iPhone 13 weighs 173g (6.1oz). This is because bitcoin mining utilizes a large amount of energy. “Attention has been focused on t…

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