Bitcoin's Growing Carbon Footprint

Why are we seeing Bitcoin's carbon footprint increase?

Bitcoin's Growing Carbon Footprint
Photo by Dmitry Demidko / Unsplash

Bitcoin is the original and most popular cryptocurrency, but using it comes at a significant cost to our environment.

A new research paper has found that the carbon impact of Bitcoin increased significantly since China banned cryptocurrencies last year.

So why are we seeing Bitcoin's carbon footprint grow?