May 20, 2021
This isn't true. There are multiple studies which show the damage bitcoin mining does to the environment.
A coal mine flooded in Xinjiang the other week, a mine which powered numerous mining rigs in the region. That shutdown led to a 49% reduction in the hashrate of bitcoin. If bitcoin was environmentally friendly and used mostly renewables, this wouldn't have happened. This paragraph is illiterate and not representative of the reality.
Here are some of the studies, which have been peer reviewed unlike a link from coinshares:
https://news.unm.edu/news/the-environmental-cost-of-cryptocurrency-mines
https://www.sciencedirect.com/science/article/abs/pii/S0301420720309478
