Wednesday, November 24, 2021
Erik Theden, director of the Swedish Financial Supervisory Authority, and Bjrn Risinger, director of the Swedish Environmental Protection Agency, said cryptocurrency's rising energy usage is threatening Sweden's ability to meet its obligations under the Paris Climate Agreement.
Between April and August this year, the energy consumption of Bitcoin mining in the Nordic country rose "several hundred per cent," and now consumes the equivalent electricity of 200,000 households, Theden and Risinger said.
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