According to a recent study issued in the journal called Joule on 12th June, the amount of carbon emissions produced by Bitcoin (BTC) is comparable to the levels caused by Kansas City or even a compact nation. Christian Stoll, a member of the research team that conducted the study, stated that participating in the validation and mining process of Bitcoin blockchain not just needs special hardware but also huge amounts of electricity.
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Stoll also highlighted the fact that such a huge emission of carbon by Bitcoin underlines the requirement for tackling the environmental externalities that result from cryptos. Meanwhile, another study which was conducted in November last year revealed that it took four times more energy for mining 1 dollar of Bitcoin than it did to mine one dollar of copper.