We examine the interlinkages between cryptocurrency prices, the energy consumption of crypto mining, and the resulting CO2 emissions, considering the conditioning impact of geopolitical risk (GPR). Employing multivariate quantile-on-quantile regression (MQQR), we find that cryptocurrency price fluctuations significantly impact both cryptocurrency mining and its attendant environmental impact, particularly at higher quantile levels of crypto prices and GPR. The effect of bitcoin pricing on environmental awareness is seen across several quantiles. We add to the continuing discussion regarding the long-term viability of cryptocurrencies.

中文翻译：

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加密货币价格波动对加密货币挖矿的影响，以及地缘政治风险下的二氧化碳排放


考虑到地缘政治风险 （GPR） 的制约影响，我们研究了加密货币价格、加密挖矿的能源消耗以及由此产生的二氧化碳排放之间的相互联系。采用多变量分位数回归 （MQQR），我们发现加密货币价格波动会显着影响加密货币挖矿及其随之而来的环境影响，尤其是在加密货币价格和 GPR 的较高分位数水平下。比特币定价对环境意识的影响可以在几个分位数中看到。我们补充了关于加密货币长期可行性的持续讨论。