Here’s why bitcoin miners won’t go for a more climate-friendly alternative

Fewer and fewer people are using bitcoin for digital payments. Nevertheless, bitcoin transactions are consuming more energy than ever before – the same amount as the whole of Thailand. With a carbon footprint equivalent to the Czech Republic’s (around 114 million tonnes per year), bitcoin is canceling out other climate wins. The global take-up of electric vehicles, for example, is estimated to have prevented 50 million tonnes of CO₂ so far. That’s less than half of bitco