Bitcoin mining and its environmental impact have been a topic of heated debates both within and outside the crypto space Mining for the digital asset and other cryptocurrencies are said to be the 33rd largest consumer of energy in the world ahead of populous nations This has led to concerns about its carbon intensity and how its mining may be contributing to global warming

This years crypto rout has been more painful for some than others Ethereum has been one of the heavy sufferers affected by fundamentals beyond just a bearish market

Finally some muchneeded clarity

Bitcoin mining and its environmental impact have been a topic of heated debates both within and outside the crypto space Mining for the digital asset and other cryptocurrencies are said to be the 33rd largest consumer of energy in the world ahead of populous nations This has led to concerns about its carbon intensity and how its mining may be contributing to global warming