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What I think this may happen is because we are here in the bullish era. So many more miners are coming here. ANd many companies may increase their activities on mining in order to get more Bitcoin and also other altcoins. We know that if the Bitcoin price is higher, mining can be also more priftable. That is why the spend of electirc may be increasing also
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Study: Crypto Mining Has Already Used More Energy in 2021 Than It Did Last Year
According to a recent study conducted by Bloomberg, the amount of energy used for crypto and bitcoin mining purposes in 2021 already outdoes all the energy used in 2020, and we’re not even three quarters of the way through the year.
Crypto Mining Is Using a Lot of Electricity
Some environmentalists are taking this as a bad sign. It suggests that people are not only mining more but may be increasing the carbon footprint that already stems from the mining industry. So far this year, bitcoin mining has surpassed the 67TWh of electricity used over the previous year.