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WebApr 14, 2024 · The Ethereum network has experienced a surge in Ether and other alternative cryptocurrencies thanks to the successful rollout of the Shapella upgrade. This WebCryptocurrency mining often makes use of energy generated from fossil fuels. The quantity of energy used grows as the price of bitcoin rises. As the price of bitcoin increases, miners will be even more driven to mine coins, drawing more users to the bitcoin network. Bitcoin mining uses more than 120 Terawatt Hours (TWh) of energy every year.
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