Ecology of mining. There is evidence that mining consumes more electricity than a European country. Indeed, mining consumes about five terawatt-hours per year which is equivalent to Denmark’s energy consumption. There are concerns about the impact on the environment due to increased energy consumption since more electric power will be needed to extract bitcoin. Meanwhile, owners of mining farms are looking for other opportunities. Mining farms in Iceland are increasingly using the energy of geothermal sources, and in the US – hydropower. Solar cells are also considered as an alternative to traditional carbon sources of electricity. The debate between alarmed environmentalists and miners continues.
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