November 24, 2024

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Bitcoin price and energy use for mining highly correlated: UN report

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Bitcoin price and energy use for mining highly correlated: UN report

Update: This article has been updated to highlight that the UN report referenced the Mora et al. 2018 paper, which overestimated the emissions of mining operations by including unprofitable mining rigs in their analysis.

A recent study conducted by the United Nations suggests a direct correlation between the price of Bitcoin (