Across the country, cryptocurrency miners are striving to remake the image of their industry in the public’s and policymakers’ minds: from flighty to reliable, from all about profit to altruistic, from energy guzzling and emissions heavy to climate conscious.
But environmental groups and researchers are skeptical. They point to the industry’s track record of contributing to greenhouse gas emissions and e-waste, as documented by federal agencies and independent researchers, and to the general volatility of crypto’s first decade-plus of existence.
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