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Reports

Does Bitcoin Have an Energy Problem?

By Noelle Acheson
AccessTimeIconApr 22, 2021 at 1:11 p.m. UTC
Updated Oct 18, 2021 at 1:56 p.m. UTC
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Is Bitcoin bad for the environment? This CoinDesk Research report looks at the data behind the most common critiques and shows that, while Bitcoin uses a lot of energy, the mix is evolving towards renewables. Bitcoin also incentivizes investment in clean energy sources, redistributes wasted power production and can convert pollution into value.

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.