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The environmental effects of cryptocurrency mining are hotly debated. One can find articles arguing that the energy consumption of mining cryptocurrencies is not dangerous for Earth’s climate, but one can find just as many articles arguing that the energy used for mining cryptocurrencies will wildly exacerbate global warming and climate change. Yet at the highest level, according to the University of Cambridge’s Center for Alternative Finance, “there is currently little evidence suggesting that Bitcoin directly contributes to climate change. Even when assuming that Bitcoin mining was exclusively powered by coal — a very unrealistic scenario given that a non-trivial number…

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