Is Bitcoin adding to global warming and climate change?

A recently emerged research conducted at the University of Hawaii has paved the way for a new debate in the crypto world especially among those associated with Bitcoin.

This study is claiming that with the passage of time Bitcoin growth would not only affect global temperatures but can become a cause for global climate change. The study quickly gave way to a discussion between scientist with opposing views.

Hawaiian researchers are backing their claim on the basis that in the year 2017 alone Bitcoin miners have released more than sixty-nine million metric tons of carbon dioxide.

Based on these calculations and the growth rate of the industry researchers are predicting that the global temperature would gain a permanent rise of about two-degree Celsius from the pre-industrial base temperature.

Authors of the study believe that the currency along with other currencies requires heavy computer machinery and hardware operations emitting undeniable levels of heat. This heat is going to push the global threshold past the Paris climate change agreement targets in a couple of decades.

On the other hand, scientists and experts rejecting the claim are of the view that when the statistics put forth do not account for the increasing use of green energy sources. Subsequently, the study also fails to account for the decline in carbon-based power plants.

Researchers at both Northwestern University, and Lawrence Berkeley National Lab have rejected the Hawaiian claim owing to the fact that it neither accounts the changing energy trend nor the fact that miners are moving to colder locations including Iceland, Russia, and Canada.