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ABC News
ABC News
Business
environment reporter Nick Kilvert

Bitcoin mining more emissions-intensive than beef production, uses more energy than Austria, study finds

Bitcoin Mining Austria John Hawkins John Quiggin Ethereum Greenpeace USA Portugal

Bitcoin mining in 2020 used more energy than Austria or Portugal, and its emissions as a proportion of market value were comparable to the beef industry, a new study has found.

The research, published in Scientific Reports this week, calculated energy intensity of Bitcoin mining, and annual emissions from mining between 2016 and 2021.

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