The US and Kazakhstan are now the biggest mining hubs
A view of the Kizelovskaya State District Power Plant at the Gubakhinsky Coke and Chemical Works. Russian businessman Alexei Kolesnik bought the Kizelovskaya State District Power Plant to create a data center and a bitcoin mining farm.Bitcoin’s carbon dioxide pollution has gotten even worse since Chinalast year, according to a new analysis. It’s likely the result of Bitcoin miners substituting China’s abundant hydropower with coal and gas, experts say.
“We actually see Bitcoin becoming less green than ever before,” says Alex de Vries, lead author of the. That directly counters continued claims by industry groups that renewable energy would clean up Bitcoin’s operations.shows that the Bitcoin boom is becoming a bigger problem for the world’s efforts to eliminate fossil fuel pollution.
China was home to over 70 percent of the world’s Bitcoin mining operations until the country kicked them out in 2021, purportedly in part because of environmental concerns. During China’s wet seasons, miners were able to take advantage of excess hydropower in the country’s Sichuan and Yunnan provinces. During the dry season, they typically moved to Xinjiang and Inner Mongolia — where they relied primarily on electricity from coal-fired power plants.
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