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The Independent UK
The Independent UK
Samuel Webb

Crypto crash ‘will not affect Bitcoin mining’s climate cost’

REUTERS

Cryptocurrency’s massive environmental impact will continue despite the value of coins like Bitcoin tumbling, an expert claims.

Research by Alex de Vries, a data scientist at the Dutch central bank and a cryptocurrency sustainability analyst, shows that the energy, and therefore fossil fuels, required to mine coins will not drop suddenly because miners will still seek a return on their investment in expensive computer equipment and power generation.

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