#Sustainability

IMF Executives Propose 85% Increase in Electricity Costs for Crypto Mining
Cryptocurrency

IMF Executives Propose 85% Increase in Electricity Costs for Crypto Mining
By Andrej Kovacevic 17th Aug 2024
IMF Executives Propose 85% Increase in Electricity Costs for Crypto Mining
Cryptocurrency
Cryptocurrency

IMF Executives Propose 85% Increase in Electricity Costs for Crypto Mining

Despite several reports indicating that more than 50% of the energy used in Bitcoin mining is sourced from clean energy (such as a report from Cambridge University), two International Monetary Fund (IMF) executives have proposed an 85% increase in electricity costs for crypto mining operations. The primary objective of this proposed substantial increase in costs…

By Andrej Kovacevic 17th August 2024

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