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Study suggests Bitcoin mining bans could worsen carbon footprints

  • Researchers warn that Bitcoin mining bans may have unintended consequences for the environment.
  • Bans on Bitcoin mining in countries with renewable energy sources could lead to increased carbon emissions as mining operations relocate to regions with higher carbon footprints.
  • Countries like Canada, Paraguay, El Salvador, and Norway may experience a significant rise in carbon emissions if they implement mining bans.
  • The researchers suggest a more nuanced approach to regulating Bitcoin mining, considering the energy sources used and incentivizing renewable energy use in high-carbon areas.

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