How Bitcoin trade is hurting climate change mitigation

bitcoin


The Bitcoin cryptocurrency has made it easier to become a millionaire in Kenya, appreciating more than 1,200 per cent since March last year to hit an all-time-high of Sh6.9 million last week, but that has come at the expense of climate change mitigation efforts.

To keep the Bitcoin blockchain up and constantly running, it requires enormous computing power, consuming huge amounts of hydroelectricity in the process.

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