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Pooja Kumari and Vasanthi Mamidala
Title: The changing dynamics of crypto mining and environmental impact
Journal: International Review of Economics & Finance
This study investigates the association
between energy consumption in Bitcoin mining
and energy indices. The study also examines
the moderating effect of COVID-19 on the
relationships between energy consumption
in Bitcoin mining and energy indices. We
applied vector autoregression and vector error
correction models. Before COVID-19, the relationship between Bitcoin mining and the clean energy index was
significant. However, after the pandemic, this relation was found to be less significant compared to Bitcoin mining and
the dirty energy index association. The findings help investors and policymakers to understand the environmental
impact of Bitcoin mining.
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