Write a research paper that focuses on the Impact of Bitcoin Mining on the Environment.
Please include:
Title – title of the paper: ” Impact of Bitcoin Mining on the Environment”
Abstract (This is a short abstract that I wrote): “This research paper investigates the environmental impact of Bitcoin mining, a process integral to the functioning of the cryptocurrency network. Bitcoin mining is characterized by its substantial energy consumption, primarily driven by the computational power required to validate transactions and secure the blockchain. The paper examines the environmental implications stemming from the significant energy consumption, including carbon emissions and increased demand for electricity. By synthesizing existing literature and data, the paper aims to contribute to a better understanding of the environmental impact of Bitcoin mining and promote discussions on sustainable practices within the cryptocurrency industry.”
Introduction
Literature Review/Body of the paper — Existing peer-reviewed Journals/publications related to the research topic (MUST use at least 10 sources preferably journal articles)
Research Design & Methodology — Plan to implement/conducting the research
Discussion — Overview of the research outcome
Future Work — What can be done in the future with this research work
Conclusion — Summary of the research work
References — Citation being mentioned in the research paper
Appendix — Detailed explanation of work referenced in the research paper
Some sources that I found relating to the topic:
1. The Environmental Footprint of Bitcoin Mining Across the Globe: Call for Urgent Action
https://agupubs.onlinelibrary.wiley.com/doi/10.1029/2023EF003871
2. Bitcoin’s growing e-waste problem
https://www.sciencedirect.com/science/article/abs/pii/S0921344921005103
3. Bitcoin Mining and Its Environmental Effects
https://dergipark.org.tr/en/pub/atauniiibd/issue/43125/423056
