Climate damage from Bitcoin mining grew more than 125 times worse in just five years

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By Sean Cummings With no physical form, the digital currency Bitcoin can feel all but invisible to those who don’t use it. However, its harmful climate impacts are all too real – and they’re getting worse. Emissions from mining the cryptocurrency have skyrocketed, researchers reported recently in Scientific Reports. From 2016 to 2021, the carbon footprint of mining a single Bitcoin multiplied a staggering 126 times. In that window, Bitcoin mining caused an estimated $12 billion in global climate damages. “We find no evidence that Bitcoin mining is becoming more sustainable over time,” said eco…