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

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…