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Foreign Policy
Foreign Policy
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David Gerard

Chia Is a New Way to Waste Resources for Cryptocurrency

An employee displays a physically destroyed hard disk drive at the Tokyo Eco Recycle company on Jan. 19, 2017. Toshifumi Kitamura/AFP via Getty Images

Bitcoin, the first cryptocurrency, has a problem: It uses ghastly quantities of electricity and thus generates as much carbon emissions as a medium-sized country. This is by design. A new cryptocurrency, Chia, avoids this problem—in favor of creating huge amounts of a different kind of waste.

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