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Bitcoin mining's 130 TWh annual energy use (0.6% of global consumption) forced a reckoning in 2024. Texas' grid operator blamed crypto for 5% of summer peak demand surges, while hydropower-rich Scandinavia became a mining hub. The EU's proposed "proof-of-stake only" regulations could strand $5B in mining hardware by 2026, illustrating Bitcoin's unintended role as a climate policy battleground rather than a neutral technology.
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