University of New Mexico study finds Bitcoin mining is more environmentally harmful than gold mining. Researchers calculated that Bitcoin’s electricity-generating missions have increased 126 percent between 2016 and 2021. Since 2016, the researchers calculated that each Bitcoin mined in 2021 generated 11,314 US Dollars (USD) in climate damages, with total global damages exceeding 12 billion USD between 2016-2021. With the world’s second-largest cryptocurrency, there may be a path out of the outrageous environmental harm caused by Bitcoin mining, but for now, there’s nothing stopping anyone from mining mining Bitcoin — whereas oil drilling, at least, requires some very expensive equipment. The research window the researchers studied, there were times when the coin was literally not worth the damage mining it would cause. . . .