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'This Is An Emergency': Ed Markey Warns Of Environmental Impact Of Bitcoin MiningFar from being a blocker of a decarbonated future, Bitcoin mining can play an invaluable part as a building block in such a system. It is. Top-down estimates of the electricity consumption of cryptocurrency mining in the United States imply that the industry was responsible for an. In this article, we take a look at the energy consumption of Bitcoin Approximately 70% of the worlds Bitcoin mining comes from China[5].