BBitcoinitcoin miners are predicted to use around 130 Terawatt-hours of energy (TWh), according to The University of Cambridge’s bitcoin electricity consumption index. As TechCrunch points out, Bitcoin's carbon dioxide emissions are roughly the same as a country like Jordan, with a population of 10 million people.
For the cherry on top, taxpayers are funding Stronghold Digital Mining's Bitcoin power plant profits.
According to Bloomberg, Pennsylvania provides tax credits for burning coal waste. With these subsidies, Stronghold calculates that each Bitcoin it earns through mining costs the company under $3,000.
At the time this piece was published, Bitcoin was trading at more than $42,000 – not a bad profit for a taxpayer-subsidized cryptocurrency mining operation that's spoiling the environment
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