Bitcoin on the macro consumes a lot of electricity which produces carbon. On the micro level the issue often stems from municipal power contracts. Some towns p

Bitcoin on the macro consumes a lot of electricity which produces carbon. On the micro level the issue often stems from municipal power contracts. Some towns pre purchse their expected power needs collectively to lower cumulative costs. Bitcoin miners can upset this balance and drive up costs per kWh across the whole town, making them unpopular locally.