THE ENERGY BOMB: How Proof-of-Work Cryptocurrency Mining Worsens the Climate Crisis and Harms Communities Now

Cryptocurrency mining is highly energy-intensive, exacerbating climate change and harming local communities through increased pollution and electricity costs. The industry has surged in the U.S. since China's ban, consuming vast amounts of electricity and often relying on fossil fuels. This growth strains energy grids and raises emissions, with a small number of companies dominating the market. Without regulatory action, the goals of the Paris Agreement may not be met.